Dec. 20, 2012 (China Knowledge) – Guiyang Economic and Technological Development Zone (Guiyang ETDZ) rated “BBB” by China Knowledge in a research report published today. The economic and technological development zone was established in February 1993 and approved by the State Council in January 2000 as a state-level development zone.
The ETDZ is located in the south of Guiyang City, 3 km from Guiyang Railway Station and 10 km from Longdongbao International Airport.
Currently, the zone has some large projects under construction, including Western Development Industrial Park, Foreign-invested Industrial Park, SMEs High-Tech Park, Ecological Agriculture and Tourism Park, Hisense Industrial Park, Spaceflight Industrial Park and Mechanical and Electrical Industrial Park. These parks are all located inside Guiyang ETDZ.
In 2009, Guiyang ETDZ’s GDP grew 13.22% year on year to RMB 5 billion, and accounted for about 5.5% of the city’s total. The value-added industrial output of the park amounted to RMB 2.74 billion, up 17.55% year on year.
Guiyang ETDZ’s major industries are machinery, electronic information and aerospace. Representative enterprises include Guizhou Jonyang Kinetics, Hisense, China Jiangnan Space Industry Group and Guizhou Aviation Industry Group (GAIG). GAIG is the production base of supersonic fighter and training aircraft in China. It also produces aircraft parts such as fuel pumps, missile launchers, hydraulic pumps, various kinds of aviation motors and transformer equipment. In 2007, the gross income of GAIG amounted to RMB 10.4 billion, surpassing RMB 10 billion for the first time in history. That same year, the utilized FDI of the zone reached US$26 million, accounting for 6.5% of Guiyang’s total. The total export value from the zone amounted to US$62 million, decreased 22.52% year-on-year and accounting for 14.9% of the city’s total.
The latest figures show that in the first half of 2010, the export value rose 5.54% to US$40.4 million. In the first three quarters of 2010, value-added industrial output of the zone amounted to RMB 1.98 billion, up 23.72% year on year, while the gross industrial output hit RMB 8.93 billion, up by 43.55%.
Industrial parks rated BBB are considered attractive at an average level. They have less-than-adequate investment conditions and may have some flaws. They may be promising industrial parks but there are uncertainties regarding future development. Most of these are industry specific theme park that caters to fewer industries. There are 60 such BBB rating out of 254 national or municipal-level industrial parks where many are seeking to transform or upgrade its facilities to attract new economy industries.
Please note: the version of this report is for a global site license.