Shenyang Economic and Technological Development Zone
From China Liaoning Business Guide
Contents |
Overview
Shenyang Economic and Technological Development Zone (SETDZ) was set up in 1988 and approved to be a state-level economic and technological development zone in 1993. Located at the southwest area of Shenyang City, SETDZ covers a planned area of 10 square kilometers and provides investors with a complete range of facilities and services.
After years of development, the Shenyang Economic and Technological Development Zone has attracted the investment of business people from 43 countries and regions. Up to now, a total of 90 Multinational Corporations (MNC) have invested and built factories in the development zone, of which 32 are among the Global Fortune 500 companies. So far, a total of 2,234 projects have been approved to enter the development zone, of which the number of foreign-funded projects is 1,408, and the number of those with an investment of over 5 million USD is 443. The accumulative total investment volume is 184 billion RMB (about 26 billion USD), the foreign investment volume stipulated in agreements is 13.7 billion USD, and the actually utilized foreign investment volume is 3.2 billion USD. The accumulative regional GDP is 140 billion RMB (20 billion USD), the industrial output value is 386 billion RMB (55 billion USD), tax income 14 billion RMB (2 billion USD), and the foreign exchange income through exports is 3.9 billion USD.
Major economic indicators have registered an impressive growth rate of more than 30 percent for a long time, including regional GDP, gross output value, industrial value added, fiscal revenue, utilized foreign investment and fixed assets investment. The development zone has also been ranked No. 1 among all the counties and districts of Shenyang in a comprehensive evaluation of economic construction.
In June 2009, the development zone received the title of "Demonstration Area of Adjustment and Renovation & Development of Equipment Manufacturing Industry of Old Industrial Bases in the Tiexi New Area" by the National Development and Reform Commission (NDRC) and the Office of the Leading Group for Northeast China of the State Council. The zone is the core part of the West Shenyang Industrial Corridor, and has been listed in one of two major development strategies formulated by Liaoning Province. Currently, the SETDZ has become an area with the most substantial economic vitality, competitiveness and development potential in China.
Industrial Environment
The zone has priority in Liaoning under one of the two key development strategies. So far, the following industry clusters have taken shape in the zone:
- Equipment manufacturing industry cluster. It consists of nearly 200 enterprises represented by North Heavy Industries Group Corp and Shenyang Blower Works Group Co., Ltd.
- Automobile and auto components industry cluster. It consists of more than 150 enterprises represented by Shenyang SAC Hino Auto Co., Ltd and Brilliance Auto E2 Engine Co., Ltd.
- Pharmaceutical and chemical industry cluster. It consists of more than 60 enterprises represented by Northeast Pharmaceutical BASF Vitamin Co., Ltd. and Shenyang Paraffin Chemical Co., Ltd.
- Food and beverage and packing industry cluster. It consists of more than 50 enterprises represented by Shenyang Coca-Cola Beverage Co., Ltd. and Zhongfu Packing Co., Ltd.
- Textile, garment and dyeing and finishing industry cluster. It consists of more than 20 enterprises represented by the Printing and Dyeing Industry Park.
- Motorcycle and motor components industry cluster represented by Shenyang Tianli Motorcycle Manufacturing Co., Ltd. and Shenyang MACAT Motorcycle Co., Ltd.
Many other industry clusters are under development, which involve home appliances, pumps and valves, metallurgy, casting and forging and non-ferrous metals, generating increasing agglomeration effects. The Instrument Industrial Park, Mold Industrial Park, Casting and Forging Industrial Park, Private Industrial Park, Taiwan Industrial Park, Ningbo Industrial Park and Heavy Chemical Industry Park have been put into operation. Several other parks are under construction, including the Machine Tool Functional Parts Industrial Park, Automobile and Auto Components Industrial Park, Power Generation and Power Equipment Industrial Park, Rail Transportation Industrial Park, and Construction Machinery Industrial Park. They all possess the capability to carry out large projects.
Functional Parks
Shenyang Chemical Industry Park
Shenyang Chemical Industrial Park (SCIP) is a comprehensive industrial park which is located at the northeast end of the industrial corridor in the west of Shenyang. With new and high technology as a pioneer, fundamental chemical industry as a support, the SCIP has set a new goal for development in the near future, the output value of the chemical industry park will reach 80 to 100 billion RMB (about 14.3 billion USD) in 5 to 7 years. The gross output value is aimed to reach 200 billion RMB (28 billion USD) in 2015. Supported by chemical engineering, the chemical industry park is dedicated to utilizing high and new technologies to conduct deep processing and production with high value added. Chemical materials, fine chemicals and rubber products, coal chemicals, ethylene and propylene, are highlighted in the development of the chemical industry park.
In the long run, the chemical industry park will be built into a large chemical and pharmaceutical production base that is featured by the integration of upstream and downstream operations. The production base will focus on industry clusters in the fields of petrochemicals, chlor-alkali chemicals, fine chemicals, and special rubber products.
Shenyang Metallurgical Industry Park
Located in the southwest of Shenyang, the West Shenyang Industrial Corridor is an important area for the interaction of the economic activities between the hinterland and the coastal area of Liaoning Province. Based in Shenyang and supported by the Shenyang Metro Policy of Liaoning and the central government, the industrial corridor is a comprehensive economic area with its influence covering Northeast China. As a new strip-type industrial base, the West Shenyang Industrial Corridor focuses on the development of advanced equipment manufacturing industry, new chemical industry, modern metallurgy deep processing and new materials industries.
Shenyang Metallurgical Industry Park is just located at the core area of the West Shenyang Industrial Corridor, which benefits the park for development in its geographical location. Its priorities include deep-processed steel and iron products, nonferrous metal smelting and processing products and new metallurgical materials. It is aimed that the metallurgical industry park will be built into an important metallurgical deep processing and logistics base in Northeast China.
Contact Information:
Investment Promotion Bureau
Shenyang Economic and Technological Development Zone
No. 28, Huahai Road, 110141 Shenyang, Liaoning, China
Tel: +86 400 655 8877
Fax: +86 24 25812748
www.seda.gov.cn (Website in Chinese)
