Shanghai - Shanghai Jiading Industrial Zone

Shanghai Jiading Industrial Zone (Shanghai Jiading IZ)  

Facts&Figures (2007)

Source: Administration Committee of Shanghai Jiading Industrial Zone

Introduction

Shanghai Jiading Industrial Zone (Shanghai Jiading IZ) consists of Shanghai Jiading Industrial Park, Jiading Waigang Industrial Park and Shanghai Jiading Export Processing Zone. The southern section of Shanghai Jiading IZ was established in 1992, while the northern section of the zone was set up in 2003. In 2006, Shanghai Jiading IZ was approved as a municipality-level development zone by the Shanghai Municipal Government. It covers a vast area of 59.55 km².

The zone is located in Jiading District, Shanghai, and enjoys a well-developed transportation system. It takes only 15 minutes and 45 minutes to drive from the zone to Shanghai Hongqiao Airport and Shanghai Pudong International Airport respectively. Shanghai Port, one of the world's largest ports, is 25 km from the zone. In 2007, Shanghai Port handled 560 million tons of cargo and 26.15 million containers, ranking first and second by cargo throughput and container throughput in the world. Shanghai-Nanjing Expressway and Shanghai-Hangzhou Expressway also pass through the zone.

Shanghai has rich talent resources. There are 60 colleges and universities in Shanghai, including Shanghai Tongji University, Shanghai Fudan University and Shanghai Jiao Tong University. In 2007, the number of college graduates totaled 118,500 - a rise of 7.2%.

Investment Climate

Shanghai Jiading IZ encourages investments mainly in the auto parts, precision machinery and electronics industries. In 2007, the GDP of the zone reached RMB 6.8 billion, representing an increase of 27.7% over the previous year. The gross industrial output from the zone grew 26.9% year on year to RMB 29.2 billion in same year.

It attracted US$697 million in foreign investments, down 23.3% from a year earlier, while the utilized FDI reached US$151 million, up 12.3% year-on-year. Major investors in the zone include Dupont, Shanghai Volkswagen Power Assembly, GEM, Fujitsu, Shanghai Yakult, Ronghai Die Forging, Maxinyi S&T and Phenix Optical.

In 2008, U.S.-based Dupont decided to invest US$80 million in a plant for producing high-end paintings. The production capacity of this plant is estimated to hit 20,000 tons per year. Germany-based Continental-an automobile systems provider has opened four units in Shanghai Jiading IZ. It decided in 2007 to launch an automobile engineering center in the zone. The center is expected to start full operation in 2009.