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Coastal Zone Hungry for Foreign Capital

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Coastal Zone Hungry for Foreign Capital 12 nantongspecial THURSDAY, MARCH 15, 2012 CHINA DAILY The eastern part of the Xinghu Block in the Nantong Economic and Technological Development Zone. PHOTOS PROVIDED TO CHINA DAILY Coastal zone hungry for foreign capital By DING CONGRONG in Nantong port the development of the zone, namely the [email protected] “Jianghai Talent Program” and the “Xinghu Talent Program”. The former is targeted at The Nantong Economic and Technologi- the whole city, and the latter is specifically cal Development Zone in the eastern coastal targeted at the zone itself. province of Jiangsu is one of the 10 develop- Special funds have been earmarked to ment zones in China with the largest invest- encourage companies to settle in the zone. ment potential for multinational corpora- The funds will be used to help companies tions, local officials say. to rent, buy or construct their own office Authorized by the Chinese government buildings. in December 1984, the zone is located on The zone provides a favorable environ- the southeastern side of Nantong. It covers ment not only to business but also for its 147 square kilometers and houses 140,000 residents. It is home to Ruici Hospital, one permanent residents. of China’s largest comprehensive hospitals, The zone’s efforts to attract foreign invest- as well as first-rate international schools. ment have paid off, with investments flowing The zone harbors high-end apartments and in from businesses based in more than 30 restaurants. Also, Scenic Langshan Mountain countries and regions. and Haohe River are nearby. The zone now hosts a high concentra- The Nantong Economic and Technological tion of foreign enterprises in the Yangtze Development Zone has five parks and three River Delta. More than 700 foreign-owned sub-zones. enterprises have been set up in the zone, The electronics park covers 378 hect- about 60 of which are owned by Fortune 500 ares and mainly focuses on photoelectron companies. technology, photo communication, micro- Many companies in the zone have achieved electronics, integrated circuits and LEDs. the highest international standards in terms The first phase of Tsinghua Tongfang Com- of production capacity and technology. puter’s 6-billion-yuan ($951 million) project There are six industrial clusters in the zone: has been completed, and production has modern equipment manufacturing, new started. materials, new medicine, new energy, mod- The precision machinery park covers 535 ern textiles and service outsourcing. hectares and hosts companies that make The zone is strategically positioned along precision molds, machinery and electronic the Yangtze River Delta and it has easy access machinery. Of these, the most famous are to nearby transportation infrastructure, such Jingji Electronic Mechanics and Wangao as waterways, highways and airports. Machinery. Three bridges pass through it: the Suzhou- The medical park covers 173 hectares and Nantong Yangtze River Bridge, the Chong- includes companies that sell medicine and ming-Qidong Yangtze River Bridge and the Workers process components for LED lighting in a workshop of Tsinghua Tongfang Co Ltd inside the zone’s LED industrial cluster. medical equipment. The park is devoted to Shanghai-Nantong Railway Bridge, which industrialization and development of high- will be under construction soon. end medical products. Thanks to the Suzhou-Nantong Yangtze The new materials park covers 1,000 hect- River Bridge, the world’s largest cable-stayed ares and is focused on batteries, nuclear bridge, the zone is one hour’s ride away from power equipment, organic high-polymer Shanghai Hongqiao Airport and three hours materials and new-alloy materials. Chen- away from 10 major cities in the Yangtze hua Chemistry, China’s largest producer of River Delta. Styrene Butadiene rubber, has established its The zone is reachable by three highways: presence in the park. the Shenyang-Haikou Highway, the Nanjing- The equipment-production park covers Qidong Highway and the Jiangsu Water- 500 hectares. In 2011, the park was recog- front Highway. It is also reachable by three nized with the title “New Industrial Park” railways: the Xinyi-Changxing Railway, the by the city government. It specializes in port Nanjing-Qidong Railway and the Shanghai- equipment and vessel production. Nantong Railway, which will soon be com- The Nantong zone also includes Daneng pleted. Business Zone, an authorized provincial- The zone has three airports in its vicin- level district for the modern service industry. ity: Hongqiao Airport, Pudong Airport and It is focused on business service, innova- Nantong Airport, which will soon be built. Nantong Economic and Technological tive design, service outsourcing, technology It also has the Port of Nantong, one of Development Zone R&D as well as electronic commerce. Since China’s top 10 ports, which handles 200 mil- its inception in May 2008, it has attracted lion tons of cargo annually. investments totaling 6 billion yuan. The Nantong Economic and Technologi- The Nantong Free Trade Zone consists of cal Development Zone has facilities and a two parts. Part A is located in what was pre- natural environment that make it attractive viously called the “exported manufactured to investors. For one, the terrain of the zone goods area”, and Part B is located to the east is flat, making it suitable for large construc- A service outsourcing center in the zone. of the Suzhou-Nantong Yangtze River Bridge tion projects. and to the south of the Jiangsu Waterfront Streets form a dense network linked being processed and reaching a certain stan- many favorable policies: administrative fees Highway. with highways to nearby cities. Rainwater dard. are reduced or waived; relevant government The two parts will utilize their respective is collected in a system separate from sew- The zone is equipped with advanced tele- organs have improved their efficiency; tax advantages and have different focuses in an age water. The main streets are 50 meters Map showing the location of Nantong communication technology. Services such as policies have been skewed in favor of inves- attempt to make this zone a driving force in width, and other streets are 25 meters in Economic and Technological Development international and domestic calls, broadband tors. for the improvement of trade quality and width. There are rainwater and sewage tun- Zone. access to the Internet, satellite TV services Foreign enterprises that have operated regional economic development. nels at the roadsides. and facsimile are available. in China for 10 years or more are entitled The Urban and Rural Business Zone is The supply of electricity is ample and sta- It also has ample water supply. Two water Nantong is rich in human resources as to reward in proportion to their income intended to be a comprehensive business hub ble. Nantong is one of China’s major electric- plants, the Honggang and Langshan water well, housing six colleges and 27 vocational tax to local authorities. Major science and for trade and cargo. ity-generating bases. Electricity is generated plants, each produce 600,000 tons daily. schools. The city has a large supply of skilled technology projects are entitled to science With the rigorous efforts of Nantong by thermal power, wind energy and bioen- Water prices in Nantong are the lowest out workers and professionals. Labor prices are advancement awards. The city government authorities and its favorable position, the ergy. The zone has three power transmission of all major Jiangsu cities. lower than surrounding areas, particularly is also providing incentives in an attempt to Nantong Economic and Technological stations capable of generating 220 kilovolts There are two sewage-treatment plants, the southern Yangtze River Delta. encourage enterprises to expand their R&D Development Zone is set to become more and nine power transmission stations with a which are capable of processing 260,000 tons To support the development of industry investments. dynamic, serving as a driving force of the 110-kilovolt capacity. daily. Polluted water is released only after and business, Nantong has promulgated Talent programs are being devised to sup- Yangtze River Delta economy. .
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