Shanghai - Shanghai Songjiang Industrial Zone (Shanghai Songjiang IZ)

Shanghai Songjiang Industrial Zone (Shanghai Songjiang IZ)  

Facts and Figures (2007)

Source: Administration Committee of Shanghai Songjiang Industrial Zone

Introduction

The Shanghai Songjiang Industrial Zone (Shanghai Songjiang IZ) is comprised of Songjiang Pilot Industrial Zone, Sihudang Sub-zone of Songjiang IZ and Liantang Green Industrial Zone. Set up in 1992, Shanghai Songjiang IZ was the earliest industrial zone in Shanghai, and was approved by the Shanghai municipal government to be a municipality-level development zone in 2006.

Shanghai Songjiang IZ, located in the Songjiang District in the south-western part of Shanghai, enjoys convenient transportation conditions. It takes merely twenty minutes from the zone to Shanghai Hongqiao Airport and forty-five minutes to Shanghai Pudong International Airport, which ranked first and fifth among all the airports on mainland China in terms of cargo throughput in 2007. The Shanghai-Hangzhou Expressway, Jiajin Expressway and Tongsan Expressway run through the zone, connecting Shanghai with Hangzhou, Jiading, Sanya and Tongjiang. The zone is within forty-five minutes' drive from Shanghai Port, one of the largest ports in China.

Songjiang University Town is close to Shanghai Songjiang IZ. Songjiang University Town comprises of Shanghai International Studies University, Shanghai Institute of Foreign Trade, Shanghai Institute of Visual Art of Fudan University, et cetera. In 2007, the number of enrolled students was 72,100.

Investment Climate

In 2007, Shanghai Songjiang IZ realized a value-added industrial output of RMB 14.9 billion, representing an increment of 34% over the previous year. The export value in this zone has grown 56% year-on-year to US$27.3 billion, accounting for over 8% of Shanghai's total.

Major industries include electronic information, machinery, fine chemicals, food and beverages processing, new materials and bio-pharmaceuticals. In 2007, the gross industrial output value from these six industries in the zone rose 50% year-on-year to RMB 243.3 billion, comprising 97.7% of the zone's total.

By 2007, Shanghai Songjiang IZ had attracted almost six-hundred foreign-funded projects, with total foreign investments exceeding US$8.9 billion, while the utilized FDI in the zone hit US$252 million. Over forty Fortune 500 enterprises have set foot in the zone, including Dow Corning, ABB and Nestle.

Dow Corning, a top global silicones supplier, launched a unit in Shanghai Songjiang IZ in 1997. The unit, with registered capital of RMB 5 million, is specializing in silicon-based products.