Nantong Economic and Technological Development Area (NETDA)

Updated: Dec 25, 2018 govt.chinadaily.com.cn Print

Located in the southeast of Nantong city, Nantong Economic and Technological Development Area (NETDA) was one of China's first 14 State-level development zones approved by the State Council in December 1984. By the end of 2014, more than 800 foreign companies had invested in NETDA, including over 70 Fortune 500 companies. NETDA is recognized as one of the top 10 most favorable development zones for investment by multinational companies.

Thanks to the opening of the Su-Tong (Suzhou–Nantong) Bridge and the Chongqi (Chongming–Qidong) Bridge, and with the construction of the Hutong (Shanghai–Nantong) Railway, NETDA is now connected to Shanghai and is less than one hour's drive to southern Jiangsu province. It has realized urban agglomeration with these areas to share talent and labor, associated industries, financing and other resources. Being the best platform to grow and develop in Nantong, NETDA will also become one of the fastest-growing areas in China and the world. The labor force in Nantong is abundant, comparatively low cost and highly qualified.

In addition, Nantong Airport, which also serves Shanghai, provides services to Beijing, Shenzhen, Guangzhou and other domestic air routes. An expansion project is underway at the airport. Upon completion, the airport will be able to serve large airplanes like the Boeing 740.

The city also has 13,200 square kilometers of coastal land, plenty of water and electricity, and abundant human resources.

After over 30 years' development, NETDA has devoted great efforts in integrating advanced manufacturing and the modern service industry and now has eight industrial parks: Nantong Free Trade Zone, Suzhou-Nantong Science and Technology Industrial Park, an equipment manufacturing park, Nengda Central Business District, a medical treatment and health park, a precision machinery park, an electronic information park, a new materials park and a cluster area for brand businesses.

In 2018, 212 construction projects of major industries settled in the area with their overall investment adding up to 123.98 billion yuan ($18 billion).

 

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