|Pudong New Area Business Information|
|GDP (USD)||57.2 B|
|USD:RMB Exchange Rate||1:6.5|
|Average Mfg Employee Wage (per month)||2,841 RMB|
|Average Industrial Facility Cost (per month)||33.8 RMB/m2|
|Access to Logistics||Very Good|
The Pudong New Area, located in the eastern region of the city of Shanghai, along the banks of the Huangpu River, is one of the most up and coming economic areas in China. Although it occupies a relatively small geographic region (only 522 square kilometers), Pudong’s sizeable population has risen dramatically in the past few years. As of early 2011, the population stood at 5,044,430. This booming population growth and economic strength virtually make Pudong a city in itself. Aside from the financial industry, Pudong has a bustling manufacturing and export economy. The Waigaoquiao Free Trade Zone (FTZ), one of the most popular areas for foreign investment China, has attracted over 9,300 companies. Pudong’s electronics industry, concentrated mostly in the Zhangjiang High Tech Park, consists of 110 research and development institutions and over 320 companies.
|Important Areas near Pudong||Pudong’s Main Industries|
In 2009, Pudong generated a GDP of USD 54 billion which in 2010, rose to 57 billion. Pudong has utilized USD 3.4 billion in FDI. As a result of its power and growth, Pudong has been given preferential treatment by the Chinese National Government and has been granted sub-provincial administrative status. Pudong is also China’s premier financial center. Several massive banks and financial services such as the People’s Bank of China and the China Foreign Exchange Trade Centre & National Interbank Funding Centre have set up headquarters in Pudong. In addition, Pudong is home to the Lujiazui Financial City and all six of Shanghai’s major financial exchanges.
Pudong and its major cities are attractive to many foreign investors. Please click here for more information on
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