Location:
Yueqing City is a coast city of the Donghai Sea, close to the Mount Yandang, with comfortably mild climate and amazing scenery. The city's total area is 1,174 square kilometers and the length of its coastline is 185 kilometers; its population reaches 110 million. In 1988, Yueqing City was designated economically opening-up region by the State Council. Since 1993, the city has been among the100 top counties in terms of comprehensive strength Yueqing Economic Development Zone is a province-level economic demonstration zone approved by Zhejiang Provincial Government in November,1993. It is located in Liushi Town with the name of "center of electric appliances", it covers a total area of 1.05 square kilometers. The development zone follows the policy of concentrating on developing the industry, attracting foreign investment, expanding export volume and promoting high technology. Meanwhile, the development zone attaches great importance to develop opening-up economy and industries with high technology. The target of the development zone is to develop the development area into a prosperous, beautiful and modern area with necessary infrastructures and service functions and takes a leading role in Yueqing's economy by the end of this century. We heartily welcome investors throughout the world. We'll always try our best to offer you our best service.

Investment Environment:
The physical feature of Yueqing Economic Development Zone is smooth and broad, it is a good place for the construction of firms. Qiligang Port, the only deepwater port on the coastline from Ningbuo to Xiamen, is only 5 kilometers away from the development zone. It is capable of containing 36 10,000-tonnage berths. At present Qiligang Port contains a 10,000-tonnage wharf and over 10 3,000-tonnage wharf. Wenzhou Airport is 25 kilometers away from the development zone. The airport now has 56 airlines to China's major cities. The airlines to Hong Kong and Macao are also opened. Wenzhou Power Plant is on the northern bank of Oujiang river. It is 11 kilometers away from the development zone. Its installation capacity of power production reaches 1.45 million kilowatts. A special 350,000-volt transmission line is installed from the power plant to the development zone. Furthermore, within the development zone three 110,000-volt transformer substations have been built. Lushi Water-supply Plant is located in the development zone, it is the largest rural water-supply plant in Zhejiang Province, supplying 90,000 tons of water every day. Mount North Yandang and Mount Mid-Yandang are 50 and 8 kilometers away from the development zone respectively. Both are state-level scenic spots that attracts at least 130 million tourists annually.

YueqingEconomic Development Zone is now divided into several parts: a new comprehensive section and five industrial subsections. The annual industrial output value of the development zone is 350 billion RMB. The 104# state-level highway and coast superior expressway being planned run across the development zone. The capacity of program-controlled telephones numbers 80,000, people in the development zone can make phonecall directly to every city in China as well as over 80 foreign countries and regions. The development zone also has complete facilities for business, residence and entertainment.

Basic Construction:
Since foundation of the development zone, an area of 2.17 square kilometers has been explored, forming a new comprehensive section and five industrial subsections. By the end of 1997,1.3 billion RMB had been used for basic construction. A 1.5-kilometer highway in the development zone has been accomplished; 5000-kilometer major power transmission line and 4.5-kilometer major water-supply pipe are put into use. With the investment of 945 million RMB, a constructed area of 860 thousand square meters has been completed.

Development of Industries:
By the end of 1997, 800 enterprises had been constructed in the development zone, including 2 joint ventures, 7 cross-region groups. There are 6 enterprises with their annual output value of over 100 million RMB and 43 enterprises with their output value of over 10 million RMB, and 17 enterprises have gained ISO 9000 quality certifications. The industrial gross output value of the development zone is 3.5 billion dollars, and the export volume is over US$ 150 million. In recent years, economy of the development zone has developed steadily, and non-state-run enterprises has developed vigorously. Industrial output value of the Zhengtai Group, reached 670 million RMB in 1997 and its export volume was US$ 15.02 million. An industrial zone of about 32.8 ac is being planned with total investment value of 500 million RMB. An area of 8 ac has permitted to be developed during the first-stage construction. Two share-holding companies are to be allowed to join the stock market.

Preferential policies:
1). Basic construction of foreign investment programs, high-tech programs and large-scaled projects have the priority to be listed in the government's fixed assets investment project, and also have the priority to the use of land and to reduce certain charges for the use of land.
2). Foreign investments share preferential taxation policies of costal economic & technological development zones. Productive enterprises enjoy preferential taxes and policies accordingly.
3).Foreign enterprises in the development zone share preferential taxation policies of costal economic & technological development zones. Productive enterprises enjoy preferential taxes and policies accordingly.
4). Ensure supplies of water, power, transportation and telecommunication facilities. 5.Reward to people (entities) introducing projects of foreign investment to the development zone.

Director of the Development Zone: Zhou Sanrong
Tel: 86-577-2782963 Fax: 86-577-2782964
Economic Development Bureau
Tel: 86-577-2782962
Bureau of State-owned Land Program and Construction
Tel.: 086-577-22782961
Development Zone Co., Ltd.
Tel: 086-577-2781785
Post Code: 325604
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