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Zhejiang - Ningbo Hi-tech Park

Published: 10 Apr 2009 16:03:28 PST

Facts&Figures (2007)

Rating
Year of Establishment	2004
Land Area	32.9 km²
Location	Ningbo, Zhejiang
GDP	RMB 19.2 billion
FDI	N.A.
Utilized FDI	N.A.
Major Investors	Microsoft, Sinopec, IMP, Sanyo, Eaton, INCOS, TRW
Major Industries Encouraged	Photoelectricity and communication, software, microelectronics

Source：Ningbo Hi-tech Park

Introduction

Ningbo Hi-tech Park, approved as a state-level development zone by the State Council in 2007, covers an area of 32.9 km². It is located in Beilun District, near Ningbo Economic and Technical Development Zone, Ningbo Export Processing Zone, Ningbo Free Trade Zone and Ningbo Bonded Logistic Zone.

The park is situated near Ningbo Port to the east. It borders Hangzhou Bay to the north and Taizhou to the south. The Shanghai-Hangzhou-Ningbo highway runs directly from this development zone, allowing for a 3-hour drive from Shanghai and a 1.5-hour drive to Hangzhou. Beilun Railway connects this area with the national railway network via Xiaoshan-Ningbo Railway, Shanghai-Hangzhou Railway and Zheliang-Jiangxi Railway. The Ningbo Airport is 10 kilometers away from it.

Investment Climate

The park encourages investment in photoelectricity and communication, software development and microelectronics, optical and electronic integration, new material and pharmaceutical industries. It was cited by the National Ministry of Science & Technology as Ningbo Electronics and Information Commercialization Base under the Torch Plan of the State.

In 2007, it realized GDP of RMB 19.2 billion, with the industrial output value hitting RMB 59.2 billion. The park's value-added industrial output amounted to RMB 14.3 billion, with export reaching US$2.88 billion.

Due to its strength in hi-tech industries, the park introduced over 40 scientific-tech R&D institutions and 313 firms by the end of 2007. Sinopec, Asia's largest oil refiner, and the IT giant Microsoft, launched their research center in April 2007. Sanyo, Eaton, INCOS and TRW have also set foot in the park.

Excision Technology, set up in 2006, is a company specializing in TFT-LCD optical films. It has won US$10 million in venture capital (VC) from a private fund, making it the first hi-tech manufacturing enterprise in the zone to get VC. VC is another way for small and medium high-tech firms to raise capital.

The city's three major universities, Ningbo University, the Ningbo Branch of Zhejiang University, and a branch of Chinese Academy of Sciences: Ningbo Institute of Material Technology & Engineering, are located in Ningbo Hi-tech Park, providing sufficient human resources to support the development of high-tech industries in this area.