The Jincheng Economic Development Zone Takes off.docVIP

The Jincheng Economic Development Zone Takes off.doc

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The Jincheng Economic Development Zone Takes off.doc

The Jincheng Economic Development Zone Takes off   THE four-square-kilometer Jincheng Economic Development Zone (EDZ) in southeastern Shanxi Province has everything it takes to serve as a prime manufacturing hub: it is traversed by the north-south Taiyuan (Shanxi)-Jiaozuo (Henan) Railway; is adjacent to several major roads, including National Highway 207, the Jincheng-Changzhi (Shanxi) Expressway, the Jincheng-Jiaozuo Expressway, the Jincheng-Yangcheng (Shanxi) Expressway and the Jincheng-Zhanglukou (Henan) Highway; and boasts a modern infrastructure, supported by a comprehensive range of services and a skilled workforce, guaranteeing that every investment will quickly yield results.   Savvy investors will not want to miss an important opportunity such as this. For example, two months after the zone’s establishment in January 2006, Foxconn, one of the world’s top 500 companies, spent US $500 million to set up a sci-tech industrial park, and in 2007, the Jincheng EDZ reported a production value of RMB 682 million, a 27.5 percent increase over the previous year.   Its value-added industrial production jumped 41 percent during the same period, to RMB 260 million, 52 percent of which(RMB 135 million) came from hi- and new-tech industries, while overall revenues grew 27 percent to RMB 127 million.      The growth of the local import-export sector was even more remarkable. Imports rose 282 percent to US $46.09 million, while exports jumped 92 percent to US $21.73 million. A new investment record was also set, with the zone attracting US $133.39 million in foreign investments, outperforming all of its provincial rivals in Shanxi Province.      Facilities and a Can-do Attitude      Nothing is more attractive to manufacturers looking to invest in new production facilities than industrial parks that offer a full range of utilities and services backed by a skilled workforce. Over the past few years, the Jincheng EDZ has dedicated more than RMB 700 million to developin

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