Songjiang Economic and Technological Development Zone, in Shanghai's southwest, was known as Songjiang Industrial Zone when first established in July 1992. It was promoted to national level under approval from the State Council in March 2013.
Covering an area of 57.77 square kilometers, the core area of the zone consists of four sections: the eastern section serves as an innovation park for small and medium sized enterprises featuring advanced manufacturing industries; the central section is a cluster of foreign capital; the Songjiang Export Processing Zone is a bonded area for free trade; the western section is a high-tech park gathering smart industries.
The zone is home to about 2,000 enterprises, over 50 of which are among the world's top 500 multinationals, including Ford, Panasonic, Essilor and Nestle.
In the first half of 2018, the zone's industrial output totaled 108.15 billion yuan ($15.68 billion); the tax revenue reached 8.3 billion yuan, a year-on-year increase of 33.7 percent; the fixed asset investment was 2.3 billion yuan, accounting for 38 percent of that of Songjiang district. In that time, the zone also attracted $106.25 million of foreign capital and inked contractual foreign investment of $66.89 million, a surge of 72.3 percent year on year.