nanjing

Investing in Nanjing

on February 13 | in Business, Education, Expat Life, Expat Life, Expat Life, Global Information, Nanjing, Reports | by | with Comments Off on Investing in Nanjing

Investment incentives

In 2008, Xuanwu District’s GDP reached 22.8 billion CNY. The compound annual growth rate from 2004 – 2008 was 17 percent. In 2004, 87 percent of Xuanwu District’s GDP came from the service industry. By 2008, this figure had increased to 91 percent. Xianwu, has unlike the wider areas of Nanjing, been dominated by the service sector. In the wider areas, the dominating industries are Tertiary and Manufacturing industries. Information technology, leisure and tourism, retail and services are the key development areas in the tertiary industry landscape. In recent years, several multinational corporations have chosen to invest in the Xuanwu District. Some of these are among fortune 500 companies and consists of American Express, Siemens, Schneider Electronics, Maersk, Hyundai, Samsung and many more. The main FDI’s (Foreign Direct Investments) are from Hong Kong, Macau and Taiwan.

Some of these companies provided a feedback regarding their investing experience in Xuanwu district and why they chose Xianwu as their investment destination.

A company in the retail industry – Golden Eagle City Shopping Centre – said: “It only took six months from planning and construction to our opening ceremony, as a result of high efficiency and support from Xuanwu District government. The government provided assistance on the fire control and lightening protection after the opening of the business.”

Another company, in the software development industry – Jiangsu Golden Thinking Information Technology Co – said: “The government provided a good platform for communication within the industry. It also helped us in terms of financing. The government was active in delivering outsourcing information to help us grow.”

Business environment

In China, land is all nationally-owned and cannot be owned by individual companies. However, a company can pay the local government to obtain land use rights and normally for a period of 50 years. Land use rights transfer prices are decided by the government according to the basic land price system. According to Chinese regulations, land use rights can only be acquired through public bidding and auction. The office buildings described below are divided into two sections, a variety of Grade A and Grade B buildings. Most grade A and B office buildings in Xuanwu District are located near Xinjiekou and on the subway line. The buildings are in good condition and most of the Grade A buildings were completed after 2005. The rent for office buildings in Xuanwu District are similar to that of buildings located for the neighbouring district.

Infrastructure

It is easy to get around the Xuanwu District. The Nanjing metro Line 1 connects the district from North to South whereas the Line 2 links the West to East directions. Additionally, several main lanes and tunnels facilitate the way to Shanghai-Nanjing railway and loop expressway and the Xuanwu District government is only 20 minutes away from the Nanjing Lukou Airport.
Nanjing has a really beneficial “gateway” location because more than 60 major national and provincial roads run through the city. The following list depicts the major expressways in Nanjing:

–          Shanghai-Nanjing

–          Shanghai-Hefei

–          Nanjing-Hangzhou

–          Nanjing-Nantong

–          Nanjing-Lianyungang

–          Nanjing-Gaochun

–          Nanjing-Luoyang

Additionally, Nanjing’s infrastructure covers a developed bearing the major rail hub lines:

–          Shanghai-nanjing

–          Nanjing-Wuhu

–          Nanjing-Xi’an

Due to Nanjing’s location at the Yangze river, it has one of the largest inland container ports with a thoughoutput of 110 million tonnes cargo and 1.06 million standard containers in 2007.

Shopping and leisure

Several national and multinational retail chains are distributed over the Xuanwu district including Suguo, Jinrunfa, Carrefour, Metro, Auchan, Beijing Hualian and Lotus. The famous Confucious Temple is surrounded with a series of tea houses, restauratns and snack bars arranged in “Ming” and “Qing” architecture designs. In addition, Nanjing 1912, recognised by the China Commercial Walking Street  Commitee as ”China’s Featured Pedestran Street”,  covers over 20 bars and cafes and about 30 other restaurants and shops. Also, there are several local flagship restaurants, local snack shop, tea houses , an arts salon, fast food restauratns and ice cream shops.
The ”Mingchenghui” Culture Street, close to the Ming Dynasty City Wall, offers a collection of top restaurants, fashion retial, hotels, theme restaurants as well as classical living experience area with Ming Dynasty features.

The Sofitel Zhongshan International golf Hotel (five-star plus) has a club which offers international standard 18-hole golf course and a nine-hole floodlit golf course.  The club was co-designed by Gary Player, EDSA, Beltcollins and WATG.

Education

The most famous schools for expat children are the Nanjing International School and The British School of Nanjing.

Nanjing International School opened in 1996. It is a member of the Association of China and Mongolia International Schools and set up a teaching plan according to the curriculum published by IBO (International Baccalaureate Organization).

The British School of Nanjing is an independent, British-run organization established to provide high value education to the expatriate community of Nanjing. The school was established in 2007 in response to demand from the local international community, at a time when no other school in Nanjing was offering British education. Its principal aim continues to be the provision of excellent educational based on the English National Curriculum.

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