Industry flying high at Zhengzhou airport zone
First of its kind in nation had 43% revenue growth in 2013
Despite a sluggish growth nationwide, an airport economic zone in Henan province’s Zhengzhou city, the first of its kind in China, maintained a robust growth momentum in 2013. Zhang Yanming, the zone’s administrative committee chief, said at a recent conference.
The Zhengzhou Comprehensive Experimental Zone for Airportbased Economy generated 174 billion yuan ($28 billion) in revenue last year, a year-on-year increase of 42.6 percent. Revenue from electronic information industry accounted for 70.2 percent.
The zone has become an engine and role model for the province, Zhang said.
Approved by the State Council as a national strategy a year ago, the zone is part of the local government’s efforts to integrate ground and air transportation in the city. It has figured out its own way toward that target to further boost the province’s economy, he said.
Built around the Zhengzhou Xinzheng International Airport, the zone has put transportation and logistics as its pillar sectors. Zhang said its second phase construction will be completed by 2015.
The airport opened 53 new airlines last year, enabling the total number to rise to 143. The annual cargo handled at the airport was 256,000 tons last year, up 69.1 percent. The growth rate ranks first among the country’s major airports.
Zhang said that the committee has a well-developed working system and an excellent team to seek business opportunities.
Local authorities are paying importance to attracting investment especially to such emerging industries as aviation logistics, advanced manufacturing and modern services.
Revolving around the three industries, the zone has developed eight industrial parks of intelligent terminal, electronic information, precision apparatus, aircrafts manufacturing and maintenance, aviation logistics, biomedicine, e-commerce, and exhibition.
traditional industries are highly energy consuming and cause a lot of pollution. “New industries, especially electronic information, are high-yield and more ‘green’,” he said.
The zone secured 59 projects in 2013 with a total investment of 168.7 billion yuan.
Among them is the production facility funded by Foxconn, the wellknown equipment manufacturer for Apple and other IT giants. By the end of 2013, Foxconn had spent $1.36 billion yuan in building plants, production lines and dorms for a 300,000 staff in the zone.
To create a more attractive environment for investment, the committee has paid a lot of attention to the zone’s infrastructure.
Ongoing construction projects include roads and bridges, powerhouses and waterways, while new urban facilities like shopping malls, financial institutions, hotels and residential communities are added.
At the same time, cultural, medical and educational facilities well under construction will add the appeal for investors, Zhang said.
Besides, the zone offers a variety of financing service. The committee has also set up 12 teams to take charge of the zone’s environment and urban management.
As well, the zone also boasts a free trade area, which plays a crucial role in drawing investments. Its export and import value was $35.7 billion in 2013, ranking second among the nation’s free trade zones. Contact the writers at firstname.lastname@example.org and email@example.com
Government officials survey construction on the Zhengzhou airport zone during an inspection tour last year.
Workers sort shipments at the Foxconn plant.
The pleasant environment adds charm to the zone. It plans nine more parks and a 165-km green corridor along rivers this year.