Investing in China

China’s massive investment in industrial parks has paid economic dividends while reshaping the urban areas where they are located, according to a newly published study co-authored by an MIT expert on urban economics.

The study finds the creation of industrial parks does not just add to growth within the areas designated for manufacturing; it significantly increases economic production and consumption of many kinds for more than a mile in all directions from the boundaries of industrial parks.

Indeed, as the research shows, productivity, wages, employment, home sales, and retail activities all increased, even beyond the boundaries of the planned industrial parks. This carryover was striking enough that the study’s researchers say the industrial parks created “edge cities,” places that generate their own hubs of diverse economic activity and residential life.

Text from: Industrial “edge cities” have helped China grow

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Technology parks

Pujiang, Province Sichuan

Sino-german SME cooperation zone

Major industries
  • Precision Machinery
  • Bio-Pharmacy
  • Intelligent Hardware
Major international companies
  • Bosch Power Tools
  • KUKA Robotics
  • American Sealy

Pujiang is a county near Chengdu – the capital of Sichuan province. Chengdu is Western China’s most significant economic metropolis aside from Chongqing. The Sino-German SME Cooperation Zone covers a total area of 15.4 km2. The primary objective of the business park is to leverage and learn German management practices and introduce their advanced technologies to develop biotechnology and precision machinery industries. With the style of a typical German industrial town and a green coverage of 15%, the business park is well facilitated with all kinds of public facilities. Pujiang and the greater Chengdu region have excellently educated human resources, including over 20 national R&D bases.

Wuqing, Province Tianjin

Wuqing development area

Major industries
  • Automotive Parts
  • Machine manufacturing
  • Pharmaceutical and medical equipment
Major international companies
  • Voestalpine
  • Gestamp
  • Faurecia

The China Tianjin Wuqing Development area is a national-level economy development area and a national-level high technology industrial park which was built in 1991. It is located between Tianjin and Beijing. In 2014, it was listed as the Tianjin national independent innovation core demonstration area. The planned area covers nearly 55 km2, 40km2 of which have been constructed. So far, there are about 2000 companies registered in the business park, of which roughly 300 are foreign companies.

Xiqing, Province Tianjin

Xiqing economic development area (XEDA)

Major industries
  • Integrated Circuit (IC) Production, Packaging and Testing
  • Automotive Accessories
  • Life Sciences and Pharmaceuticals
Major international companies
  • NXP
  • P&G
  • Siemens

XEDA is located in the southern part of Tianjin municipality. It was founded in 1992, and became a national-level development area in 2010. The total planned area of XEDA is 150km2 of which 45km2 have been built. There are nearly 2800 companies in the park and more than 370 foreign companies.

Teda, Province Tianjin

Tianjin economic-technological development area (TEDA)

Major industries
  • Electronics and Information Technology
  • Automotive
  • Petrochemicals
Major international companies
  • FAW-Toyota Motors
  • Samsung Communication Technology
  • Master Kong Instant Noodles Investment

TEDA is one of the pioneer state-level economic-technological development areas in China, founded in 1984. It sits at the juncture of the Bohai economic belt and the Beijing-Tianjin-Hebei megalopolis, occupies an area of 400km2. Tianjin Port, which is adjacent to TEDA, is the largest seaport in North China by cargo throughput. 38 km northwest of TEDA is Binhai International Airport, which is expected to become the largest air freight center in China.

Pinghu, Province Zhejiang

Pinghu economic-technological development zone (PEDZ)

Major industries
  • Advanced Equipment Manufacturing
  • Automotive Parts
  • Food and Bio-pharmaceutical
Major international companies
  • Nidec Shibaura (Zhejiang) Co., Ltd.
  • Precision Tsugami (Zhejiang) Co., Ltd.
  • Hirschvogel Automotive Components (Pinghu)Co.,Ltd.

PEDZ is located in center of Yangtze-Delta and within the 1-hour economic zone of Shanghai, Hangzhou, Suzhou and Ningbo. It was founded in 1996, with a planned area of 27.5 km2 , among which 17 km2 have been built. In 2015, the European (Germany) Industrial Park was established within PEDZ. In 2017, it was granted as a Provincial Hi-Tech Zone. The key industries in the park are Steel Processing and Automotive Spare Parts, Machinery and Electronics, Bio-pharma und Food. Among the around 1000 companies located in PEDZ over 300 are foreign.

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