ProLogis Releases New Research Report on China's Special Economic Zones and National Industrial Parks
- Analyzes the Impact of These Areas on the Country's Economic Reform -
DENVER, June 9 /PRNewswire-FirstCall/ -- ProLogis (NYSE: PLD), the world's largest owner, manager and developer of distribution facilities, today released a new research report entitled, "China's Special Economic Zones and National Industrial Parks -- Door Openers to Economic Reform."
This report highlights the key role played by China's Special Economic Zones (SEZs) and Economic and Technological Development Zones (ETDZs) as catalysts in the country's economic transformation. China unveiled wide-ranging economic reforms in 1979, and its economy has flourished during the subsequent 30 years. The report credits China's SEZs and ETDZs for attracting foreign companies to invest in China and thereby nurturing China's economic revitalization.
"China's economy has undergone a phenomenal transformation," said Leonard Sahling, first vice president of research for ProLogis. "Thirty years ago, it was a struggling, third-world country. Today, it is a manufacturing powerhouse, the fourth largest industrial country and a world-class economic player."
Today, there are five SEZs and 54 ETDZs throughout China. Foreign enterprises establishing operations in these zones are granted tax breaks, the ability to repatriate profits and capital investments, below-market lease rates for land, government-financed hiring/training, employee housing and various customs exemptions. These zones are particularly attractive to manufacturers, third-party logistics providers and other companies that are engaged heavily in importing and exporting goods to and from China.
Moving forward, the report predicts that China's economic revitalization will serve as an example to other, less-developed countries. "What SEZs and ETDZs have done for China, they can also do for other aspiring nations," added Sahling.
ProLogis' Global Research Department monitors, analyzes and reports on key trends and dynamics in both real estate and supply-chain management, drawing from industry data and primary research conducted by company analysts and a network of affiliated academics and other professionals. Past reports have focused on global supply chain dynamics, internet retailing, RFID technology, offshore outsourcing and other related topics.
For a copy of the report on China's Special Economic Zones or other reports, please click on the following link: http://www.prologisresearch.com/chinaspecialzones.
ProLogis is the world's largest owner, manager and developer of distribution facilities, with operations in 121 markets across North America, Europe and Asia. The company has $38.8 billion of assets owned, managed and under development, comprising 526.3 million square feet (48.9 million square meters) in 2,817 properties as of March 31, 2008. ProLogis' customers include manufacturers, retailers, transportation companies, third-party logistics providers and other enterprises with large-scale distribution needs. Headquartered in Denver, Colorado, ProLogis employs over 1,500 people worldwide. For additional information about the company, go to http://www.prologis.com.
Released June 9, 2008