Dec. 21, 2012 (China Knowledge) – Shenzhen Export Processing Zone (Shenzhen EPZ) rated “A” by China Knowledge in a research report published today. The industrial park was set up upon the approval of the State Council in 2000, and covers an area of 3 sq km. It is the only export-processing zone in Shenzhen.
The zone commenced official operation in 2001, and is located within the Shenzhen Grand Industrial Zone in Longgang District in the northeastern part of Shenzhen. Longgang District is bordered by Huizhou city and Dongguan city to the north.
The Shenzhen EPZ is within a 1.5-hour drive of Shenzhen Port, the Shenzhen Railway Station and Shenzhen Bao’an International Airport. Shenzhen Bao’an International Airport is the fourth-largest airport in terms of freight traffic. Shenzhen Railway Station offers daily trains to Hong Kong, Beijing, Shanghai, Changsha, Shantou and other cities in China.
The major industries in Shenzhen EPZ are electronics, information technology and equipment manufacturing. During the period from January to November in 2009, the value-added industrial output from Shenzhen EPZ fell 50% to RMB 1.6 billion, due to the global financial crisis. Meanwhile, the export value of the zone grew 6.6% and reached US$1.2 billion.
By the end of 2007, Shenzhen EPZ had attracted investment from 47 enterprises from 13 countries and regions. Total foreign investment was US$639 million by the end of 2007, while the utilized FDI was US$214 million. Major investors in the zone include SMIC and Hitachi Global Storage Technologies.
Hitachi Global Storage Technologies (Shenzhen) Co Ltd was set up in 2004. The firm invested a total of US$500 million in a storage device production base in the zone. The initial stage of the base, covering an area of 35,000 sq m, was inaugurated in 2005. Semiconductor Manufacturing International Corp (SMIC), a Shanghai-based semiconductor maker, launched 8-inch and 12-inch IC production lines in the zone on January 2008. SMIC invested about US$1.58 billion in the initial stages of the production lines.
Industrial parks rated A have above-average investor appeal. Basic conditions are adequate, but improvements are still needed in some areas. There are 50 single A rated industrial parks among 254 rated by China Knowledge since 2003.
Please note: the version of this report is for a global site license.