The economic parks of Minhang District have grown noticeably, and the concentration of industries in parks has increased. In 2010, the district had 10 economic parks/industrial bases, four at the state level and six at the municipal level. In 2010, the service industry in the park generated a total industrial output value of RMB 34.601 billion, up by 40.4% year-on-year, and a total profit of RMB 2.59 billion, up by 230% year-on-year. In 2010, four major parks, including Minhang Economic Development Zone and Xinzhuang Industrial Zone, generated an industrial output value of RMB 195.304 billion, increasing by 7.8% and accounting for 51.7% of the total industrial output value of the district.
Minhang Economic Development Zone, Xinzhuang Industrial Zone, and Zizhu Science-Based Industrial Park had witnessed noticeable growth in industrial output value, up by 9.0%, 34.4%, and 9.4% respectively. Xinzhuang Industrial Zone generated industrial profits of RMB 7.252 billion, increasing by 150% and ranking the first; Minhang Park of Huacao Industrial Zone RMB 1.019 billion, increasing by 100%; and Minhang Economic Development Zone RMB 4.682 billion, increasing by 13.7%.
Zizhu Science-Based Industrial Park was established with the approval of Shanghai Municipal People's Government on September 12, 2001. Located in Wujing Town, the project covers 13 square kilometers of land in its first phase. The park comprises a university park, a research and development base and an industrial incubation base.
The park focuses on the development of six major industries: integrated circuit and software development, new materials, life science, new energies, aerospace, and cartoon games. It is mainly designated to attract regional headquarters, research and development centers, risk investment companies and hi-tech enterprises. Its priority is to build the sub-parks for electronic information technology, life science and new materials. Currently, it houses many famous enterprises, such as Intel, Microsoft, Yamaha, STMicroelectronics R&D Center, and SanDisk Semiconductor.
By the end of 2010, the park had attracted 92 foreign investment projects, with a total investment value of USD 2.57 billion and a contractual value of USD 2.57 billion. In 2010, the operating revenue of the tertiary industry reached RMB 11.160 billion, up by 21.2% over the previous year. Currently, the park is busy preparing for the application for the state-level hi-tech industry development zone.
In July 2007, National Development and Reform Commission approved the joint application for Shanghai National Civil Aerospace Industrial Base by Shanghai Municipal People's Government and China Aerospace Science and Technology Corporation. In August 2007, the base was formally established. The base mainly consists of an aerospace research and development center, an aerospace park of high-tech industries and an aerospace museum.
On December 25, 2008, four industrial projects of Shanghai National Civil Aerospace Industrial Base were launched in Pujiang Town. This batch of projects, including Shanghai Shenzhou New Energy Development Co., Ltd., Shanghai WanYuan Rare Earth Electric Motor Research and Development Center, Shanghai WanYuan Rare Earth Electric Motor Co., Ltd., and Shanghai Institution of Space Propulsion, mainly covering two fields: new materials and energies manufacturing and application, and aerospace science and technology research and development. The total investment value reached RMB 2.014 billion. The start of the projects will create more potential for the development of the aerospace industry in Minhang District.
In 2010, there were 13 aerospace projects under construction in the district, six more than the previous year. The major projects include 2.3MWBIPV model power plant in the photovoltaic parking lot of Minhang Aerospace Town of Shanghai, with a planned total investment of RMB 116 million; the construction of the testing wire for the rolling of soft hull cell of Shanghai Institute of Space Power Sources, with a planned total investment of RMB 110 million; and the construction of the new zone of Shanghai Institution of Space Propulsion (phase 1), with a planned total investment of RMB 411 million.