Dec. 21, 2012 (China Knowledge) – Taiyuan National High-tech Industrial Development Zone (Taiyuan NHIDZ) rated “A” by China Knowledge in a research report on China’s industrial real estate published today. Located in South Taiyuan, which is the capital of Shanxi Province, the NHIDZ was established in July 1991 and approved by the State Council in 1992 as one of 54 national High-tech industrial development zones.
Taiyuan NHIDZ has a well-developed transportation network. Dozens of bus lines run through the zone, making access to rail and air travel very easy and convenient.
In 2010, Taiyuan NHIDZ’s GDP rose 11.8% to RMB 32.2 billion and accounted for about 18.1% of the city’s total. The zone’s gloss industrial output reached RMB 94 billion, increased by 16% over the previous year.The same year, there were 601 new enterprises set up in Taiyuan NHIDZ, the cumulated registered capital of the zone hit RMB 3.31 billion. Contracted FDI amounted to US$32.62 million, while utilized FDI hit US$24.99 million.
At the end of 2010, there were 94 High-tech enterprises in Taiyuan NHIDZ. They generated revenue of RMB 69.5 billion in 2008, accounting for 73.2% of the NHIDZ’s total. Taiyuan NHIDZ has attracted over 1,000 professionals with at least a master’s degree. Of these professionals, 164 have doctoral degrees. In addition, more than 200 students who have returned from overseas study have established over 100 enterprises in Taiyuan NHIDZ.
Taiyuan NHIDZ’s pillar industries are biopharmaceuticals, energy conservation and environmental protection, machinery and electrical products, new materials and electronic information. Representative enterprises include Deyuantang Grand Pharmacy, Taiyuan Coal Gasification, Jingwei Textile Machinery, Shanxi Sanwei Group and Taiyuan Ligong Tiancheng Science and Technology.
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. This class of industrial parks that are mainly found in the Northeastern, Western and Central China, benefits from these regions’ lower labor cost.
Please note: the version of this report is for a global site license.