Zhejiang - Wenzhou Economic and Technological Development Zone

Facts&Figures (2007)

Source: Wenzhou Economic and Technological Development Zone

Introduction

Wenzhou Economic and Technological Development Zone (Wenzhou ETDZ), approved by the State Council in 1992, is located in Wenzhou, Zhejiang, where the private economy is extremely dynamic. It consists of three special zones, namely, National Economic and Technological Development Zone, Beihai Development Zone and Hi-tech Industrial Zone.

The development zone has good waterway and land transportation systems. It is about 3 km from the 100,000-ton Longwan Wharf to the east and Yangfushan Port to the west. Longwan Wharf and Yangfushan are the two major port areas under Wenzhou Port, which has 1.31 million tons of cargo throughput and 0.35 million TEUs. An extension terminal of Jinhua Wenzhou Railway starts from the east of the development zone and a highway leading to the airport runs by the development zone’s north. In addition, two national highways, No. 104 and No. 330, are located close by, and the Yongtaiwen Expressway, which links Ningbo, Taizhou and Wenzhou, runs through the zone. It is only 10 km from the Wenzhou Yongqiang Airport, which currently has 47 routes to domestic cities, and 2 international routes to Hong Kong and Macau.

Investment Climate

After 16 years of construction, Wenzhou ETDZ has developed from wilderness into a modern industrial park combining hi-tech industries (such as medical and bio-pharmaceuticals, machinery and electronics, IT and new materials) with traditional industries (such as shoemaking and garment producing).

In 2007, the zone’s GDP reached RMB 11.8 billion, representing an increment of 23.14% from just a year earlier. The value-added industrial output amounted to RMB 8.4 billion, up 20.68% year-on-year. The export value totaled US$983.9 million in 2007, up 22.4% year-on-year, accounting for about 9.7% of the city's total.

In 2007 alone, 17 international companies set foot in the development zone. The contractual foreign investment hit US$158 billion, while the utilized FDI stood at US$85.6 million. B&Q, Coca Cola, Thailand-based Charoen Pokphand and other large foreign firms have been established there. By the end of 2007, 70 hi-tech enterprises had congregated in NETDZ.