首页 > English > Research & Development > News & Events > 2001 > August
Overall Expansion for Shanghai's High-tech Parks
2001-08-12
As heavy-weight multinationals  strive to enlarge their investment in the Pudong New District of  Shanghai,the east China's metropolis, local software parks, bonded areas  and industrial belts vie to expand their land area to meet the  growing demand.
   Pudong Software Park has decided to triple its land area to 90, 000 sq m.

   Due to the limited land area, only 49 companies have moved  their office buildings into the Park, although over 700 companies  from both at home and abroad have registered since the park was  put into use.

   With China's WTO entry approaching, a new round of overseas  business invitations is brewing. Pudong New District was opened up in April 1990, with the mission of rejuvenating Shanghai's status  as an international financial and trade center.
   After years of joint efforts by the central and local  governments, the 350-sq-km new district has become one of the most attractive foreign investment zones in the country.

   Sources say that the year 2001 may see the total additional  investment of overseas companies in Pudong climb to 0.8-1 billion  U.S. dollars.

   With an investment amount of 0.3 billion U.S. dollars, IBM  ranks first in all overseas companies who have announced their  investment budgets.

   To seize the opportunity, the Pudong Micro-electronic  Industrial Belt aims to build at least 10 chip production lines by 2005, with its production value reaching 100 billion yuan. By 2010, the number of production lines will be 30 to 40.

   The urgency to expand has also been felt by the Waigaoqiao  Bonded Area, where a 1.12-sq-km land expansion project has just  passed acceptance check, totaling its area under Customs  inspection to 7.52 sq km.

Related:


©1998-2018 CERNIC, CERNET. All rights reserved.
China Education and Research Network