LS (2) Presentation on SEZ– Wen Zhou

Group members:-Candy Chan (4)- May Chan (5)-Kelly Chiu (9)

- Fiona Leung (21)

Living environment Rich in natural reserves• Wenzhou derived its present name from its mild

climate• The coast of Wenzhou is rich in natural reserves -> has abundant marine reserves resources and many

beautiful islands -> example: Dongtou (called the “Country of one hundreds islands”)

• Boasts wonderful landscapes with rugged mountains and tranquil waters

• Example: Three state-level scenic spotsincluding: 1. Yandang Mountain 2. Nanxi River

3. Baizhangji Fall-Feiyun Lake

Climate• Has a humid subtropical climate-> short, mild, dry winters-> long, hot, humid summers-> Mean monthly temperatures range from 8°C to 28°C

in January and July respectively-> Heavy rainfalls occurs in late spring and early

summer due to monsoon-> Typhoons are common in late summer

Economic development• Exports food, tea, wine, jute, timber, paper

and Alunite (明礬石 ).• Alunite is abundant, and Wenzhou claims to

be “Alunite Capital of the World”.

• Develop industries mainly on electrical machinery, leather products, textile and garment etc.

1978 1990s 1994

Low-voltage electric appliances manufacturing become one of the major industry

The first city to set up individual and private enterprises in China, as well as shareholding cooperative economy in China

Started the exploration for oil and natural gas in East China Sea 100km off the coast of Wenzhou. A number of drilling companies has set up

Major economic development in Wenzhou

As a result: • Full of vibrant business activities• Taken the lead in carrying out financial system reform

and structural reform in township• Being a pioneer in utilizing marketing mechanism to

develop urban constructions => won a number of firsts in China & set many

national records

• Being a pioneer in utilizing marketing mechanism to develop urban constructions

=> won a number of firsts in China & set many national records

• From 1978 to 2009, the GDP of Wenzhou has increased from 1.32 billion RMB -> 252.8 billion RMB

• The net per capita income for urban residents increased from 422.6 RMB -> 28,021 RMB

=> The third highest among Chinese cities, after Dongguan and Shenzhen

Birthplace of China’s private economyIn the early days of economic reforms:• People took the lead in developing a commodity

economy, household manufacturing to develop private economy

Up till now:• Has a total of 240,000 individually-owned

commercial and industrial units• 130,000 enterprises in which 180 enterprises are

group companies=> Has created the “Wenzhou Economic Model”=> Inspires the modernization drive in China

Infrastructure Industrial zones• Wenzhou Economic & Technological Development

Zone was established and approved by State Council in 1992

• Located near to Wenzhou International Airport and Wenzhou Port

• Industries encouraged in the zone include electrical equipment, electronic information, chemical medicine, building materials and textiles

Transportation• Airport - Wenzhou Yongqiang Airport - with scheduled flights to major cities in

mainland China as well as Hong Kong and Macau• Railway - First railway, the Jinhua-Wenzhou Line, opened

on June 1998 - Two high-speed railways opened in Wenzhou - have dramatically shortened rail travel time to

neighboring cities

Education• The two major universities in Wenzhou include: - Wenzhou University - Wenzhou Medical College

News about WenzhouThe Biggest Cargo Ship Ever Made in Wenzhou is Expecting its

Trial at Year End China Wenzhou Guide Oct. 13, 2011 Yesterday, at Huanghua Wharf in Yueqing City of Wenzhou, the biggest bulk

cargo carrier ever made in Wenzhou’s ship-building history with its deadweight capacity up to 52,000 tons was under external decoration. The ship is to be launched at the end of this month and will make its trial at the year end, which will mark the end of the history that no cargo ship over 50,000 tons has ever been built in Wenzhou. At a total length of 199.98 meters, the ship is built jointly by Xintian Shipyard of Xinshun Shipyard Group and Wenzhou Huashun Shipping with its molded width of 32.26 meters, its molded depth of 16.60 meters and its endurance of 7,000 sea miles. The ship is built in 18 months at a total cost of around 200 million Yuan. Its completion makes the history of Wenzhou being able to build ships over 50,000 tons and turns a new page of Wenzhou’s ship-building industry. At present, workers are busy debugging main engines, pipelines and circuits etc in different holds of the ship. Meanwhile, the ship body is under a final decoration.

Currently, Yueqing’s ship-building industry is gradually developing to build large-tonnage and high-end ships. Before the year of 2004, those shipyards in Yueqing were only able to build cargo vessels lower than 5,000 tons and their building technologies could not meet international requirements. Now, the deadweight of this ship has reached the highest standards – standards of German Lloyd.Nowadays, it has been a world trend to lower the vessel age. Many countries have clearly required to lower the maximum age of vessels from 30 years to 25 years. Meanwhile, International Maritime Organization requires that all single-hull oil tankers be replaced in the world. Thus, a large quantity of ships built before 1985 in China need to be upgraded or replaced. Now, ship owners generally require new vessels at 30,000 tons or above 50,000 tons. The building of this 52,000-ton bulk cargo carrier will bring great confidence to Wenzhou’s ship-building industry.

Summary of the news

• the biggest bulk cargo carrier ever made in Wenzhou’s ship-building history with its deadweight capacity up to 52,000 tons was under external decoration.

• mark the end of the history that no cargo ship over 50,000 tons has ever been built in Wenzhou

• Yueqing’s ship-building industry is gradually developing to build large-tonnage and high-end ships

• the deadweight of this ship has reached the highest standards – standards of German Lloyd

Wenzhou to be the Largest City by Population in Zhejiang Province, China China Wenzhou Guide May 6, 2011

According to the Zhejiang report of the 6th national population census released on May 6, 2011, Wenzhou has a total permanent population of 9.1221 million to be the largest city by population in Zhejiang Province, whose total permanent population reaches 54.4296 million. The main reason for the continuous expansion of Zhejiang’s population lies in the fast growth of incoming population from other provinces in China. The immigrants from other parts of China promote the economic development of Zhejiang Province and satisfy Zhejiang’s great appetite for labors. Meanwhile, their working in Zhejiang Province also improves the income level of their hometowns and greatly facilitates the balanced development of different areas of China. However, the statistics from the census also show that Zhejiang Province is faced with challenges in its population, economy and social development. For example, the trend of an aging population is accelerating, the scale of the floating population continues to expand, and the male-female birth ratio stays at a relatively high level. All these problems will bring great impacts on the development of population, economy and society.

Summary of the news

Wenzhou to be the largest city by population in Zhejiang Province• fast growth of incoming population from other provinces in

China▪ immigrants from other parts of China promote the economic

development of Zhejiang Province and satisfy Zhejiang’s great appetite for labors

▪ working in Zhejiang Province improves the income level of their hometowns and greatly facilitates the balanced development of different areas of China

• Zhejiang Province is faced with challenges in its population, economy and social development

The End