Shanghai, located on the Yangtze River Delta in East China, is one of the four municipalities under the direct control of the central government in China. The city borders the Jiangsu and Zhejiang provinces in the west with Hangzhou Bay lying to its south. So you can look at it as a financial center, a great metropolis, or the third busiest port in the world.
Or you can look at it from a zoning point of view.
By the end of year 2006, Shanghai had 80 industrial parks. Among them, seven are state-level development zones and 14 are city-level zones.
Jinqiao Export Processing Zone: Approved in 1990 and enjoys the same preferential policies as the state-level economic and technological development zones.The four pillar industries in the zone are information electronics, automobiles and components, electric home appliances and biopharmaceuticals. The total industrial output of the four pillars amounted to RMB 129.5 billion, accounting for 87% of the city’s total.
Shanghai Chemical Industry Park: located at the north coast of Hangzhou Bay. With a total planning area of 29.4 km2, it is the first industrial zone specializing in the development of the petrochemical and fine chemistry business.
Shanghai Waigaoqiao Free Trade Zone: the first free trade zone of its kind. It has been in operation since early 2004. Located at the northern end of Pudong New Area and spanning a total of 10 km2, it is one of the largest, most comprehensive and multi-functional foreign trade zones in China.
It has become a public platform for export-oriented economic developments in the Yangtze River Delta and other parts of China. In April 2004, the zone set up a Bonded Logistic Park that connects the free trade zone with the port. 558 investment projects were approved in 2006, with a total investment of US$1.6 billion, up 16.3% year-on-year. The service sector, which includes international trade and logistics, contributed 80.6% to the zone’s total industrial output.
Zhangjiang Hi-Tech Park, founded in July 1992, is located in the middle of Pudong New Area and spans 25 km2. The park is comprised of a Technical Innovation Zone, Hi-Tech Industry Zone, Scientific Research and Education Zone, and Residential Zone. The IT industry, software industry and biopharmaceutical industry are the leading industries of the park.By the end of 2006, 1123 enterprises had set up business in the hi-tech park, up 28.8% from 2005.
There are 19 administrative areas in Shanghai. Pudong New District leads the economy with a GDP of RMB 236.5 billion. In comparison, the other districts trail far behind.
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