Has the second Zhengzhou appeared? Foxconn invests 3 billion yuan to build a factory, and Huawei will also settle here

Tech 2023-05-04 23:38:46 Source: Network

The most famous enterprise in China is Foxconn.As the largest electronic product manufacturer in China, Foxconn has a large company size and number of employees, and the economy of Zhengzhou has also been improved to a certain extent due to Foxconn's site selection

The most famous enterprise in China is Foxconn.

As the largest electronic product manufacturer in China, Foxconn has a large company size and number of employees, and the economy of Zhengzhou has also been improved to a certain extent due to Foxconn's site selection.

It is said that Foxconn's annual profits are high, and the annual taxes paid are close to one billion yuan, which makes many small companies envious.

In 2019, Foxconn's import volume in Zhengzhou City has reached over 80%.

However, in recent years, Zhengzhou's investment attraction has become increasingly weak, and its development has become increasingly "stagnant". Many enterprises have started to relocate, and the most important reason for this is the issue of labor.

There is news that a second Zhengzhou has appeared? Foxconn will invest 3 billion yuan to build a factory here, and Huawei will also settle here.

Which city is this?

Henan, a third tier city known as "Zhoukou City," is also highly regarded in the domestic investment circle.

With technology and innovation gradually occupying a dominant position, the "investment attraction" policies in various regions have undoubtedly attracted many state-owned and foreign-funded enterprises.

But similarly, the competition for resources in various regions has also become more intense. Zhoukou City, a "small city" in Zhengzhou's airport, took over the work of Foxconn when it began to slack off.

Although the GDP of Zhoukou cannot match that of Zhengzhou, Foxconn still invested 3 billion yuan to build a factory in Zhoukou and transferred a large number of orders to Zhoukou.

On April 24th, the first phase of the Foxconn Zhoukou Technology Industrial Park officially began construction.

What are the advantages of Zhoukou?

01. Labor force can be guaranteed, and it also has a "trump card" that other cities in Henan do not have

Although Zhoukou City is not very large, its area is very wide, with a population of 7 counties reaching one million, with a total population of 12 million. It is also a large population city in the province.

Zhoukou currently has 9 million permanent residents, and it is expected that over 3 million young adults will have to work outside the city. At that time, the city's economy may decline.

However, if we include the permanent population, it is an undeniable force. As is well known, to some extent, the population size of a region can affect its economic development and consumption level.

So, although Zhoukou is small, its consumption level can be guaranteed.

In addition, Zhoukou City also has a "trump card" that other cities in Henan Province do not have, that is, there is a bustling inland port called "Zhoukou Port" in Zhoukou City.

This port is one of the 36 key ports designated by the national comprehensive three-dimensional transportation network planning, and also the only national level port in Henan.

Among various modes of transportation, water transportation is a lower cost mode of transportation.

Zhoukou City has become a major logistics hub in Henan Province due to its Zhoukou Port.

It is not only because the human resources here are cheap, but also because the transportation here is convenient, so it is natural for Foxconn to be located here.

02. Local government support

Zhoukou has the lowest urbanization rate and the lowest GDP in Henan Province, so its economic situation is not very good.

For Zhoukou, many people in Henan share a common view: 'poverty'.

Therefore, how to use development methods to promote urban development and make the people's pockets more vibrant has become an important task for local governments.

Moreover, Foxconn is now the largest manufacturing company in the country, and its factory buildings are naturally large. Compared to those first tier cities where every inch of land is precious, it requires less investment to build a factory in Zhoukou.

Of course, Zhoukou is also a good investment environment, and it is also a city that places great emphasis on attracting investment. The government tries to give whatever it wants.

The distance between the Foxconn factory in Zhengzhou and the Foxconn factory in Zhoukou does not exceed 150 kilometers.

The Zhoukou Municipal Government has created a convenient environment for their development. In the past two years, the high-tech industry development zone has been rapidly established, attracting a lot of investment.

Such dense factories usually occur in the Yangtze River Delta and Pearl River Delta, and such factory layouts are still rare in China.

The vision of the Zhoukou Municipal Government is indeed visionary.

Their efforts are indispensable for achieving such a development momentum.

Taking Foxconn as an example, in a 2020 article, Zhoukou Daily stated that after learning about the relocation needs of Foxconn, the main person in charge of the Zhoukou Municipal Government went to discuss with it.

It is precisely because of this that Foxconn built its factory in the high-tech park of Chuanhui District.

The benefits that Zhoukou can gain by attracting Foxconn to build a factory

1 The entry of Foxconn will bring a huge development opportunity to Zhoukou, greatly promoting the economic development of Zhoukou and promoting the development of the city.

2 Foxconn will create more job opportunities for Zhoukou and further promote its development, thereby promoting its industrialization and modernization process.

3 The settlement of Foxconn in Zhoukou will bring greater development space and contribute to the local economic development.

In addition, in addition to Foxconn, Huawei has also settled in Zhoukou.

Huawei is a leading enterprise in industries such as telecommunications and smartphones in China, as well as a global leader in technology.

Huawei is naturally capable of being "feared" by the United States, and this company has also set up its own network testing center in Zhoukou City.

It is understood that the experimental center will focus on the research and development of cutting-edge technologies such as cloud computing services, 5G communication, and artificial intelligence, and make technological breakthroughs in this field.

With the entry of Huawei and Foxconn, Zhoukou City has undergone new development, and there are even rumors that Zhoukou City may become the second "Zhengzhou"!

Write at the end

In a province with a large population, labor-intensive industries are included, which to some extent conforms to the development characteristics of enterprises. Since Foxconn settled in Zhengzhou, the cooperation between the two has reached an unprecedented height, and the expansion of Zhoukou has further linked the economy of Foxconn and Zhengzhou.

What is your opinion on Foxconn building a factory in Zhoukou? How much does it promote the economic growth of surrounding areas?

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