As one of the first batch of coastal open cities in China, Nantong is the heavyweight in emerging industry in Yangtze River Delta region. It was also the birthplace of China's modern industry.
Zhang Jian (1853-1926), an entrepreneur, educator and politician born in Nantong, made great contributions to the city's flourishing by developing industry, establishing schools and building infrastructure. Now, the city has become the central city in north wing of Yangtze River Delta region, featuring ports, industry, commerce and tourism.
Located on the north wing of the Yangtze River estuary, Nantong is in the southeastern part of Jiangsu province, near Taizhou to the west and bordering on Yancheng to the north. The city is surrounded by water on three sides, and thus is shaped as a peninsula, with its northern to northeastern parts next to the Yellow Sea, and its southern part facing the Yangtze River. It is connected to Suzhou and Shanghai by two cross-river bridges, the Su-Tong Yangtze River Highway Bridge and the Chongqi Bridge.
Shanghai-Nantong Yangtze River Bridge, Shanghai-Nantong Railway and Yancheng-Nantong High-speed Railway are expected to go into operation in about 2020, bringing Nantong into Shanghai's "half-hour transport circle". Nantong will connect with Shanghai and southern Jiangsu province more closely, since its Haian-Qidong Expressway and the Wuxi-Nantong Expressway's north line will be put into use and construction will begin on the Nanjing-Nantong Expressway's expansion.
Nantong Xingdong International Airport in Nantong National High-tech Industrial Development Zone has seven international routes. There is a new airport under planning, which will be five kilometers from the eastern side of the high-tech industrial development zone, becoming part of Shanghai's combined airports.
Nantong National High-tech Industrial Development Zone takes auto parts as its leading industry and new generation information technology as its emerging industry.
As China's die-casting demonstration base, it strives to upgrade its auto aluminum die-casting for more smart and automatic operation and to expand its business in new energy vehicles' power assembly, drive disk assembly and battery packs. There is a string of listed enterprises and Fortune Global 500 companies in the zone, including Guangdong Hongtu Technology (Holdings) Co Ltd, Aotecar New Energy Technology Co Ltd, Guangdong Wencan Die-casting Co Ltd as well as FCL and Aptiv.
The zone has spared no efforts in building an integrated circuit (IC) industrial highland featuring electronic materials, passive components, electronic circuits, integrated circuits, display devices, intelligent equipment and its supporting industry. The zone has introduced a batch of semiconductor material and equipment projects in chip manufacturing, IC design, compound special chips, 5G and IC substrate. Listed companies include Shengyi Technology Co Ltd, Jianghai Capacitor Co Ltd, and Suntak Technology Co Ltd.
Its output value is expected to surpass 100 billion yuan ($14.4 billion) in 2020, making it an influential new generation information technology industrial agglomeration in the Yangtze River Delta region in five years.
Nantong National High-tech Industrial Development Zone ranked fourth among 126 provincial-level and above development zones for investment environment in Jiangsu in 2018.
Perfect preferential policies
The zone enjoys more preferential policies introduced by the Ministry of Science and Technology, including State and provincial science and technological project applications set alone for the zone, prioritized application rights and special funds for the commercialization of research findings joint tendered by both provincial and local governments.
From the perspective of industrial policies, enterprises can obtain industrial development funds, awards for their tax contributions, plant subsidies, equipment allowances and fee remissions, according to many indices such as their equipment input, output effects, and scientific and technological innovation capacity.
In Nantong National High-tech Industrial Development Zone, innovation and entrepreneurship projects can enjoy financial support from province, city and zone simultaneously. In addition, innovation and entrepreneurship projects, innovation research and development platforms and efficient technological transformation results can also enjoy supporting funds granted by the zone.
Abundant start-up carriers
Nantong National High-tech Industrial Development Zone has one million square meters of incubators and accelerators. Covering 318,000 square meters, Jianghai Smart Park has four platforms featuring technology research and development, business incubation, science and technology finance and comprehensive supporting utilities. Jianghai Dream Valley covers 38,000 square meters and is a State-level maker space, featuring cloud computing, big data and mobile internet. In addition, it has a string of industrial parks, such as Juheng industrial park, Jufeng industrial park and Boding industrial park with areas from 6.67 to 10 hectares.
Complete financial service platform
Based on its innovation and entrepreneurship service center, Nantong National High-tech Industrial Development Zone has introduced many financing institutions, featuring venture capital investment, science and technology insurance and science and technology guarantees to offer enterprises services in equity investment, loan guarantees and trusteeship of the stock rights. It has set up three key industrial funds, namely an investment mother fund for scientific and technological industry, a Jianghai merchant fund, and a fund for venture capital in coastal areas. These funds mainly focus on electronic information and semiconductors, smart equipment and high-end manufacturing, and new energy and new materials.
Nantong National High-tech Industrial Development Zone is equipped with ample living infrastructure, such as starred hotels, commercial complexes, shopping malls, talent apartments, international schools and golf courses. Compared with Shanghai and Suzhou, Nantong's labor resource is greater in number, better in stability and lower in costs.