Chaoyang Economic Development Zone

From China Liaoning Business Guide

Overview

Liaoning Chaoyang Economic Development Zone (LCEDZ) was established in 1992 and approved in 1994. It covers an area of 0.5 square kilometers, with one sub-district and six administrative villages under its jurisdiction. Total population is 50,000. LCEDZ can be reached by six railways and ten highways. Chaoyang-Jinzhou Expressway, Beijing-Siping Expressway, and Chaoyang-Chifeng Expressway are forming a direct express road network. Beijing-Shenyang High-speed Railway will be built soon, one station to be within the LCEDZ. After completion, Beijing and Shenyang can be reached within one hour.

Industrial Environment

LCEDZ has defined four industries in its development targets: Metallurgy, equipment manufacturing, agricultural products processing and culture and tourism. New energy and modern logistics industries are supported. By the end of 2008, LCEDZ achieved a GDP of 1.1 billion RMB (about 150 million USD) with an average annual growth rate of 41 percent. Foreign capital of 1.6 billion RMB (0.2 billion USD) has been invested at an average annual growth rate of 51 percent. Total investment in fixed assets grew at an annual rate of 161 percent. The zone currently hosts 430 enterprises of various types, including 194 industrial enterprises and 42 industrial enterprises above designated size. Leading industries are food processing, medicine and chemical industry, new energy, trade logistics, machine casting, and electronic information. The construction of infrastructure has been accelerated. A total of 300 million RMB (43 million USD) was invested in a new road and more than 30,000 square meters of greeneries.

Contact Information:

Chaoyang Economic Development Zone
No.5 Section 6, Changjing Road
122000 Chaoyang, Liaoning, China

Tel: +86 421 381 2878
Fax: +86 421 381 5336

http://www.cykfq.gov.cn (Website in Chinese)