- Analyzes the Impact of These Areas on the Country's Economic Reform - DENVER, June 9
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.
About ProLogis
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.
SOURCE ProLogis
