Zhejiang - Ningbo Economic and Technical Development Zone

Facts&Figures (2007)

Source: Ningbo Economic and Technical Development Zone

Introduction

Ningbo Economic and Technical Development Zone (Ningbo ETDZ), one of China's earliest and largest state-level development zones, was approved by the State Council in 1984. It covers an area of 29.6 km². Ningbo Free Trade Zone, Ningbo Export Processing Zone and Ningbo Bonded Logistic Zone are located in Ningbo ETDZ, while Ningbo Daxie Development Zone is located nearby.

The zone is 27 km from downtown Ningbo and quite close to Shanghai, the economic and financial center of China. The Shanghai-Hangzhou-Ningbo Highway runs directly from this development zone, allowing a 3-hour drive from Shanghai.

Ningbo ETDZ is located in the rear area of the Beilun Harbor of Ningbo-Zhoushan Port, one of the top natural deep-water ports of China, while Ningbo-Zhoushan Port has the largest specialized dock for storage of liquidized chemical products. Beilun Railway connects this area with the national railway network through Xiaoshan-Ningbo Railway, Shanghai-Hangzhou Railway and Zheliang-Jiangxi Railway.

The Ningbo Yueshe Airport offers more than 30 airlines linking its mother city with other major domestic cities.

Investment Climate

Due to its geographic location and well-established industrial base, Ningbo ETDZ attracted more than 1,200 overseas investors by the end of 2007.

The zone’s GDP reached RMB 31.8 billion in 2007, while the value-added industrial output soared 18.6% year-on-year to RMB 20.7 billion. During the year, the zone approved 132 foreign-invested projects, with utilized FDI totaling US$610 million. Exxon-mobile, Samsonite, Dow Chemical, Dupont, BP and other offshore investors have made their presence there.