ZhenHai District

Zhenhai District is located to the mouth of the Yongjiang River. With Zhoushan Archipelago to the east, Ningshao Plain to the west, Beilun Port to the south and Hangzhou Bay to the north, Zhenhai covers an area of 218 sq.km, and owns 21 km coastal line and a population of 200,000. Its jurisdiction encompasses 2 towns and 4 neighborhoods.

In recent years, economic and social development in Zhenhai takes new steps year by year. Its GDP hits RMB 8.49 billion yuan in 2001(4.35 billion of which belonged to the district). The financial income hits RMB 691million yuan. The average income of each resident in the urban area reached 12000 yuan.

Zhenhai has three advantages, namely: harbor, large projects and hometown of many overseas Chinese. As a part of Ningbo port, there are 7 berths of more than 10,000 ton, 4 berths of 3,000 ton and the biggest berth for liquid chemical products in China. The local industries are developed in the district. There are more than 1,000 enterprises including chemical industry, textile, machinery, electronic instrument, light industry and building material. 12 categories and about 100 kinds of products are exported. Zhenhai is also the national key development area. There are more than 30 large state-run enterprises in Zhenhai, such as Zhenhai Refining and Chemical Co., Ltd., the third Petrochemical Corp., Zhenhai Power Plant, etc.

The foreign-related economy develops quickly. With the construction of customs, bonded storage, provincial Zhenhai Economic Development Zone and several industrial zones, Zhenhai becomes a ideal place for investment. 368 enterprises with foreign investment have been approved. The total investment hit 897 million US dollars. The amount of foreign registered capital reached 378 million US dollars, and the foreign invested capital reached 211 million US dollars. In 2001, the self-managed export reached 151 million US dollars).

Zhenhai Foreign Trade and Economic Cooperation Bureau
Add.: 38 Gongjiang Lane, Cheng Guan, Zhenhai, Ningbo, P.R.C.
Post Code: 315200
Tel.: 86-574-86273953, 86270614
Fax: 86-574-86273257
E-mail: zhft@zh-foreigntrade.com

Zhenhai Economic Development Zone

Zhenhai Economic Development Zone is located in Wulipai, Zhenhai District, near the mouth of the Yongjiang River, 3 km away from downtown of Zhenhai, 14 km away from downtown of Ningbo. The Development Zone has been under construction since 1992. In 1994, it approved by Zhejiang Provincial Government as Provincial Development Zone. According to the short-term plan, it covers an area of 9.2 sq.km., but 34 sq.km. in long-term plan. Now, an area of 3.4 sq.km is developed.

With about 10 years development, the infrastructure in the Zone has been improved day by day. Some basic equipment, such as water and power supply, gas, telecommunication, water treatment and a 6,000 sq.m. bonded warehouse are all in operation. There are favorable conditions for precision machinery industry, automobile accessories industry, petrochemical industry, basic material, and rising technical industry.

There are all the necessary institutions in the Zone. The administration Commission is effective, and provides services of all-process, can help you with all the formalities of investment. In the Development Zone, the investors can enjoy not only the national favorable policies of tax exemption or reduction, but also the local policies implemented only in key investment area.

430 enterprises have been established in the Zone, 88of which are enterprises with foreign investment. The total investment reached RMB 5.8 billion yuan, including 520 million US dollars of foreign investment. The foreign invested capital hit 148 million US dollars. There are many large invested projects with high technology,such as Taiwan Chinfong Ltd, LG chemical industry and Holland Axzo Nobel Peroxides Pte. Ltd. registered in the Zone.

Zhenhai Economic Development Zone Administration Commission
Add.: Wulipai Zhenhai Jinmao Building, Ningbo, P.R.C.
Post Code: 315221
Tel.: 86-574-86302277, 86302255
Fax: 86-574-86302318
E-mail: zhedz@mail.nbptt.zj.cn
Website: www.zhedz.com