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Shenyang-EU Economic Development Zone
source: Shenyang Municipal Bureau of Foreign Trade & Economic Cooperation  2018-11-29 14:32
Shenyang-European Union Economic Development Zone, Shenyang city, Liaoning province [Photo provided to China Daily]
Shenyang-European Union Economic Development Zone, Shenyang city, Liaoning province [Photo provided to China Daily]

The Shenyang-European Union Economic Development Zone is located in the center of Liaoning province's auto industry, in the city of Shenyang, and concentrates on the auto and parts, electronics, electrical appliances, and equipment manufacturing industries. It has an area of 18 square kilometers, with 12 sq km for industry and 6 sq km for residential use.

It got province-level economic development zone approval from the Liaoning provincial government, in May 2005, and by 2013, had a gross regional product of 42.1 billion yuan, revenues of 6.12 billion yuan, fixed assets investment of 15.65 billion yuan, foreign investment in use of $253 million, and exports of $185 million.

The zone has a complete auto industry service system, with a powerful R&D and production base, excellent auto logistics and industrial labor at a lower cost than for similar cities. It has also attracted a number of domestic and foreign automobile and auto parts manufacturers, who work with BMW Brilliance, GM North Sheng and Brilliance Jinbei, the engine manufacturers Liming, Mitsubishi Motors, and Xinguang Brilliance, and more than two dozen renowned auto parts manufacturers, such as Visteon, Johnson and Delphi. This gives it a strong auto industry agglomeration effect, a complete industry chain, and obvious advantages.

The residential area plans call for office buildings, business apartments, hotels, malls, restaurants, hospitals, schools, and international business centers and for a modern, comprehensive service area with shopping, dining, entertainment, leisure and business to make it the most influential regional auto production base, with room for enterprises in automobiles and auto parts, new energy, new building materials and equipment, low-carbon recycling. To encourage outside investors to help us develop, there are preferential policies for land, work, financing, and taxes from the central to the local government.

Editor: zfw05