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Chongqing: Specialist Industrial Parks weighing half of the Local Industrial Output in 2008

Chongqing’s specialist industrial parks made record new progress in 2008 despite the increasingly deteriorating global financial turmoil and the slowdown of the domestic economy thanks to the efforts devoted in previous five years.
I. Key indicators
In 2008, Chongqing’s specialist industrial parks achieved a total industrial output as high as RMB 272.2 billion, increasing by 63% year-on-year and representing 50% of the municipality’s total industrial output. The industrial added value reached RMB 84.8 billion, increasing by 73% year-on-year and representing 45% of the total local industrial added value and 16% of the municipal GDP. The fixed-asset investment reached RMB 107.9 billion, increasing by 52% year-on-year and representing 75% of the municipality’s industrial fixed-asset investment. The accumulated fixed-asset investment reached RMB 292 billion and the profit and tax reached RMB 30.2 billion, an increase of 30%.
As of the end of 2008, resident enterprises in those parks totaled 3,919, 2,260 of which have put into operation, accounting for 47% of the municipality’s total enterprises above designated scale. These enterprises employed 517,000 persons, increasing by 100,000, accounting for 45% of the municipality’s industrial employment.
II. Main Features
In 2008, the specialist parks displayed the following features in addition to fast growth, industrial concentration and high efficiency in land use:
1. Increasing role as a growth engine: The fixed-asset investment exceeded RMB 100 billion; the net increase of industrial output value exceeded RMB 100 billion; the industrial added value accounted for 59% of the municipal GDP growth, a year-on-year increase of 10 percentage points.
2. Higher industrial concentration: The number and total output value of the enterprises in operation accounted for nearly 50% of all enterprises above designated size of the municipality,  added value 45% and the number of employees 40%. All figures represent a year-on-year increase of over 10 percentage points.
3. Higher efficiency in land use: The investment by and the yield of the enterprises in operation reached RMB 3.5 billion and RMB 4.6 billion respectively, a year-on-year increase of 25% and 22% respectively. The floor area of newly-built standard factories reached 1.2 million square meters in 2008 and, the aggregate floor area exceeded 2.5 million square meters.
4. Emergence of a number of 10-billion parks: 13 industrial parks had their output exceed RMB 10 billion, increasing by nine, including eight parks in Chongqing proper, four in the “one-hour economic circle” and one in the “two-wing” regions. The output of Jiulong Industrial Park exceeded RMB 20 billion.
5. Parks are more specialized: Different parks have different specialties, from natural gas chemical, chip making, automobiles and motorcycles, aluminum processing, steel and iron, consumer electronics, machine tool, chemical fiber, shipbuilding, gear manufacturing to fertilizer.
   

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