Electronic information, biopharmaceuticals, auto and motorcycle manufacturing, fine chemicals, new materials, green foods processing, garments
Source of Facts & Figures
Source: Chongqing ETDZ
Introduction
Chongqing Economic and Technological Development Zone (Chongqing ETDZ) was approved and established by the State Council in 1993 as a state-level development zone.
Chongqing ETDZ is divided into two zones: the Southern Zone and the Northern Zone. Located in the southern part of Chongqing, the Southern Zone is linked to Chongqing’s downtown area by the Chongqing Yangtze River Bridge. It is 3 km from Chongqing Railway Station, 5 km from Chongqing Passenger Transport Dock and 28 km from Chongqing Jiangbei International Airport.
The Northern Zone, with a total land area of 83.7 sq km, is adjacent to Jiangbei International Airport and 1 km from Cuntan Container Dock. Four freeways pass through the zone.
The state-level Chongqing Export Processing Zone (Chongqing EPZ), which has a total land area of 3 sq km, is located within Chongqing ETDZ’s Northern Zone. The EPZ is next to State Highway 210, and 6 km and 9 km from Chongqing’s downtown and Jiangbei International Airport, respectively.
Investment Climate
In 2008, Chongqing ETDZ’s GDP grew 50.2% to RMB 24.4 billion and accounted for approximately 4.8% of the city’s total. The zone’s total export and import value was US$1.4 billion, down 3.3% year on year.
Chongqing ETDZ’s pillar industries are automobiles and motorcycles, information technology, biopharmaceuticals, fine chemicals, new materials, green foods processing
and garments. At the end of 2008, there were over 400 foreign-invested companies within the zone. More than 20 of these, including Ford, Metro, Ericsson, Honda, Visteon, BP, Suzuki, Denso, Kansai and Formosa Petrochemical, were Fortune 500 companies.
The auto industry is the most important of the zone’s industries. There are three auto makers and 62 auto parts manufacturing enterprises located within the zone. Between January and March of 2008, enterprises in the zone produced 70,000 automobiles, realizing a gross industrial output of RMB 10.6 billion and accounting for 74.8% of the zone’s total.
Winning Edge and Limitation
Winning Edge
Chongqing has an abundant labor supply and has low labor and land costs
An auto and motorcycle industrial chain has been established in the zone
Chongqing has a well-developed transportation system
Limitations
The zone faces strong competition from development zones in Chongqing and Chengdu
Chongqing is less attractive to high-level talent than coastal cities