Sino-German industrial park goes from strength to strength

The China-Germany Equipment Manufacturing Industrial Park has made great achievements in the past two years, witnessing the settlement of 171 key projects, according to information from the industrial park management committee.

The industrial park, which is located in Northeast China’s Shenyang City, Liaoning province, was approved by the State Council on Nov 23, 2015 –– with the aim of building it into a platform for the Made in China 2025 strategy, and the German Industry 4.0 strategy. It is home to many foreign high-tech enterprises such as Bayerische Motoren Werke (BMW), Basf and Metro.

The park covers 488 square kilometers, and has a population of about 1.2 million people. It houses a few main industries, including high-end equipment, automobile production and industrial services. 

In 2017, 83 new project cooperation agreements were signed, with a total investment of 28.3 billion yuan ($4.47 billion), bringing the number of enterprises in the industrial park to 171.

Reform and Innovation are two key factors that led to the industrial park’s success.

In 2017, the management committee simplified its administrative approval procedures, shortening approval times to around three months, which has helped firms cut costs.

Meanwhile, it attaches great importance to technical research and development to provide support for enterprises in the industrial park. It has established innovation centers and business incubators in Shenzhen, Beijing and Shenyang to commercialize science and research achievements.