Located in the Yangtze River basin, Nanjing is the political, economic and cultural center of Jiangsu Province. Considered one of China’s four great ancient capitals, modern Nanjing has emerged as Eastern China’s second largest commercial center. The city ranks seventh in overall competitiveness among Chinese cities and was recently ranked by Forbes magazine as being one of the top ten commercial cities in China. In 2008, the city’s GDP reached US $55.5 billion. Nanjing’s growing industrial sector has benefited from the city’s abundance of natural resources and close proximity to Shanghai.
Nanjing’s manufacturers excel in the production of electronic, petrochemical, automotive and steel products. In an Economist Intelligence Unit report, Nanjing is projected to ramp up car production in the coming years as it has been able to attract foreign automakers such as Mazda to build production facilities in the city. In march of 2010, Shanghai Automotive Industry Corporation(SAIC), a partner in the Shanghai-General Motors Corporation joint venture, established a US $383 million facility in Nanjing. In recent years, the city has also begun to place a strong emphasis on the development of technology-intensive industries such as IT and electronics, biomedicine, advanced materials, petrochemicals and automobile components. According to Dezan Shira, Nanjing is also a major oil transshipment center and has a handling capacity of 42 million tons. In addition, Nanjing has benefitted from the increases in manufacturing costs from neighboring Shanghai as many foreign companies attracted to Shanghai have instead established manufacturing businesses in Nanjing.
o Nanjing Economic and Technical Development Zones(NETDZ)
o Nanjing New and Hi-Tech Industrial Development Zone(NHDZ)
o Nanjing Jiangning Economic Technological Development Zone(ETDZ)
o Nanjing Port
U.S. Commercial Service - Shanghai
Shanghai Center, Suite 631, 1376 Nanjing West Road
Shanghai 200040, China
Tel: (86-21) 6279-7630
Fax: (86-21) 6279-7639