Northern China less affected by crisis
The downturn of industrial production in ChinaÃ‚Â´s Northeast turns out to be much more moderate compared to the southern parts at Guangdong Province.
May 1, 2009
Instead of exporting everything – in southern China’s Guangdong 90 per cent of the goods are shipped or flown to foreign markets – many of these northeastern China based enterprises sell a substantial portion of their output to the domestic Chinese market.
Others like the new Airbus plant in Tianjin assemble aircraft primarily for local carriers. “This economic strategy of standing on two feet makes most of them less vulnerable to external market downturns,” says Ulrich Huesson, Managing Director of TAT – Tianjin AirCargo Terminal.
Virtually next door to his office a huge industrial complex called `Binhai New Area´ is being created covering 2,700 square kilometers, making the total area roughly four times as big as Shanghai´s Pudong Industrial Zone. More than 10,000 Chinese and 4,000 international companies have settled in Binhai already.
Seventy of the 500 world leading corporations have established subsidiaries in the Binhai area. However, the majority of the tenants are medium sized or even small producers. The complex consists of seven special zones like the Economic and Technological Development Area or the Port Free Trade Zone, offering specialized manufacturers a tailored ambient.