Sino-African park plan
China plans to open a trade development zone in Terre Rouge, Mauritius. It will be called Shanxi Tianli Enterprises Business Park and host more than a dozen Chinese firms. The park will cost around US$730 million to build. When completed, it is expected to create exports worth an estimated US$200-300 million per year, almost 10% of Mauritius’s total exports in 2007.
IBM center in Wuxi
IBM will establish China’s first cloud computing center for software companies at the Wuxi Tai Hu New Town Science and Education Industrial Park. The center will allow corporate data centers to be linked together and shared. The facility will provide each software company in the park with its own virtual computing resource.
Ecological parks named
Tianjin Economic Technological Development Area became one of China’s first parks named an eco-industrial area after passing a government evaluation. Suzhou Industrial Park and Suzhou National New and High-Tech Industrial Development Zone have also passed.
High-tech bases double
China has approved 20 national high-tech trade bases to boost exports of high-tech products and improve competitiveness in international markets. With these additions, China’s total number of approved bases will reach 38. The Ministry of Commerce (MOC) plans to provide research funding, personnel training, export credit and protection of intellectual property rights for these bases, said Zhang Ji, an MOC official.
Singapore conglomerate Sembcorp has entered into a US$16 million joint venture to build and run an industrial water recycling facility in Jiangsu province. Sembcorp will take an 80% stake in the company, called Zhangjiagang Free Trade Zone Sembcorp Water Recycling. The remainder will be held by Zhangbao Industries, the investment arm of the Zhangjiagang city government.