The lifeline of Ningbo Development lies in the investment attraction, which is obviously the top priority among all our responsibilities and cares. As our industrial development strategy focus evenly on the development of modern port industries and high-tech industries, we have been trying to captivate investments by taking active measures such as making door-to-door presentation, sending invitations, undertaking collective investment attraction efforts for one type of trade or industry, strengthening the business attraction network and improving investment attraction team etc. As a result, our efforts paid off for we have achieved great success in investment captivation. Ningbo Development Zone has now become the strategic area and important base to captivate foreign investments in Ningbo and Zhejiang province. The zone has also been densely populated by multi-national companies, large-scale projects, high-tech enterprises and Taiwanese enterprises.

By the end of 2001, over 4700 enterprises have settled in Ningbo Development Zone. We have approved investments from 39 countries and regions and the accumulated investments reach 5.86 billion USD, among which 4.59 billion USD are the stated figures in the contracts and 1.68 billion USD are actually acquired investments. We have also observed the following features of foreign investment activities here:

1) There are many large-scale foreign investment projects. We have 112 large-scale foreign investment projects that are worth 10 million USD and 64 comparatively large-scale foreign investment projects that are worth between 5 million and 10 million USD.

2) Taking advantage of the near-by harbor, conglomeration of modern industries has come into being and has brought deep impact on the industrial restructuring in Ningbo and Zhejiang.

3) High-tech industries are guiding the industrial development in an ever more discernible way. Since 2000, we have witnessed active investments happen in the area of high-tech industries.

4) Worldwide leading multi-national enterprises have showed special favor for our Development Zone. 16 out of TOP 500 worldwide multi-national companies set up their ventures here, which includes Esso, Dow Chemical (from US), Mitsui, Mitsubishi Itochu, Marubeni, Asashi Chemical, Kanematsu, Sumitomo, Iwai (from Japan), Hoechst, Mannesman (from Germany) and Samsung (Korea) etc.

5) Our Development Zone has been a new investment focus for Taiwanese investors after Dongguan and Southern Jiangsu.

6) Enterprises here have showed strong desires to make additional investment because of their successful performance. Therefore, their healthy growth has been attracting more and more foreign investments.

Port Industries

By fully utilizing the advantage of Beilun Harbor, the deep-water harbor near by, we have been concentrating our efforts on developing port industries and now formed a gigantic industrial belt alongside the coastline, which means that we have started having an industrial conglomeration. The leading industries in this port industrial structure cover power generation, chemical, stainless steel, shipyard, automobile, modern paper-mill, electrical, textiles, grain and oil products, plastic & rubber and construction materials etc.

Power Generation Industry: 1) Ningbo Beilun Power Generation Plant, the key project in the 8th and 9th national five-year plans, that has 3 million KW as total power generating capacity, has now completed 12.37 billion RMB-worth investments. 2) We have been also building two thermo-power stations in the key industrial areas here. The picture shows Beilun Thermo-power Generating Co., Ltd in Sifang area, Da Gang, which generates 144 million KWH annually and provides 0.533 million MKC heat.

Chemical Industry: 1) Exxon Mobile Group (US) totally invested 67million USD on the establishment of 3 projects including lubricant, asphalt and liquid gas here. 2) Zhejiang Pacific Chemical Co., Ltd, a sole-venture of Dow Chemical (US) is a 65.89 million USD-worth project. 3) He Qiao Chemical Co., Ltd, established by Jian Long Chemical Co., Ltd (Taiwan) and other investors, decided to make an additional investment (20 million USD) to build a new He Qiao Chemical Co., Ltd, which will be in operation in the first quarter of 2001. 4) Tian An Corporation (Hangzhou) and Messer Gambh (Germany) founded the Messer Sunshine (Ningbo) Gas Products Co., Ltd.

Stainless Steel Industry: Ningbo Bo Xin Stainless Steel Co., Ltd, which has 210 million USD investments in total and produces 80,000 MT cold-rolled steel plates, has just started its 2nd phase construction to double its production scale.

Shipbuilding Industry: Samsung Heavy Industries (Ningbo) Co., Ltd. was set up by Samsung Heavy Industries Co., Ltd (Korea) alone. The 1st phase project (23 million USD in total), which mainly produces steel structures and hull parts, has been completed and put into operation. The 2nd and 3rd phase projects will be concentrating on the building and repairing of ships.

Automobile Industry: 1) Ningbo Meiri Automobile Manufacturing Co., Ltd is the first private enterprise that assemble whole vehicles in China. The 1st phase project costs 1 billion RMB and produces 50,000 units of cars for family use. 2) Taiwanese investors have established machinery companies such as Mingfu Machinery, Yumin Machinery and Xintai Machinery etc and formed the production base for key automobile spare parts.

Modern Papermaking Industry: Asian Paper & Pulp Co., Ltd founded 3 companies including Ningbo Asia Paper Products, Paper Packaging and Green Paper Products. Its total investment exceeds 70 million USD.

Electrical Industry: 1) Fitters Investment Co., Ltd (US) and Ningbo Xin Le Air Conditioner Plant established their joint-venture-Fitters Xin Le Co., Ltd, which produces 0.5 million units of air conditioners annually. 2) Ningbo Ubukata-Hengdian Electrical Co., Ltd, a Sino-Japanese Joint Venture, produces key spare parts for air conditioners.

Textile Industry: 1) Reward (Ningbo) Wool Industrial Co., Ltd., established by Mr. Ying Changji from Taiwan, produces 6,000 MT of wool top and carbon wool. 2) Ningbo Shenzhou Weaving Co., Ltd is one of the largest knitwear manufacturing companies in China and produces over 5.6 million units of various knit wears a year. 3) Koyo Zhedong (Ningbo) Blanket Co., Ltd, a Sino-Japanese Joint Venture, is one of the largest acrylic fiber blanket makers in Asia and produces 1.5 million pieces of blankets annually. 4) Ningbo Nishidashin Dyeing and Weaving Co., Ltd, established solely by Nishidashin Co., Ltd.(Japan) produces 1 million pieces of acrylic fiber blankets.

Food and Oil Product Industry: 1) Chia Tai Co., Ltd. (Thailand) invested 80 million USD to establish Ningbo Chia Tai Food Oil Co., Ltd. 2) Dorian Investment Co., Ltd (UK) is the sole owner of Golden Foodstuff (Ningbo) Co., Ltd. 3) Peijie Development Co., Ltd.(Hong Kong) alone invested 40 million USD to set up Ningbo Malt Co., Ltd, which produces 200,000 MT malt annually.

Plastic & Rubber Industry: 1) Ningbo Chia Tai Samsonite Trunk and Bag Co., Ltd produces "Samsonite" trunks and bags, which are renowned to be top brand in US. 2) Ningbo Formosa Rubber Co., Ltd. invested 27.6 million USD to establish Ningbo Formosa Co., Ltd. and mainly produces rubber products and air-filling products.

Construction Materials Industry: Ningbo Conch Cement Co., Ltd, whose total investment is 397 million RMB, has just decided to make a 50million RMB additional investment in order to add another 800,000 MT to the present 690,000MT production capacity.

Visions and Plans

Regional function and target of Ningbo Development Zone are set as follows: first class development zone of national level, important energy, raw material, chemical industry base in Eastern China and important wing for Shanghai International Transportation Center, important base for foreign investment attract and an important display window for opening to the world in Ningbo and Zhejiang, a model area for conversion of scientific research results and technical innovation, and new of socialist modern international port city.

The major index of the Development Zone's 10th five-year plan: urban population: 0.25 million. Industrial output value: 50 billion RMB. GDP:15.5billion RMB, among which the service sector will have 5 billion RMB as output value. Export will be 1.2 billion USD and accumulated actual foreign investment 2.6 billion USD.

By 2020, Ningbo Development Zone's long term plan is to convert here into a modern, international port city and a model show case area that is well incorporated into the global economy, which has sound economy, advanced technology and beautiful environment. The target are in the following details:

1) completed the construction of infrastructure development for the Development Zone in the main. In the economic development pattern, a leap will have been fully realized from attracting investments to having radiation effects, monoculture economy to comprehensive economic structure and industrialization to urbanization. Many social and economic development indexes reached those of developed countries at present time.

2) Fully established socialist market economic system that is in accordance with international market rules. Under the government's guidance, enterprises are full of vibrancy. Supplementary regulations are complete and well functioning.

3) Fully formed the industrial structure that has modern port industries as major bodies and high-tech industries as pillar. Its products, technology and enterprises organization are among the leading positions in China. Its share of Ningbo's and Zhejiang's total industrial output value increases remarkably meanwhile it push Zhejiang's industrial and economic development ever more significantly.

High-Tech Industries

It is one of most important decisions, that we have made since 2000, to speed up the development of high-tech industries, for the growth will help us to gain a favorable foothold in the new cycle of competition, realize upgrading of our industrial structure and maintain sustainable economic growth. In order to do so, we launched four new high-tech industrial parks including electronic information technology industrial park, biochemical industrial park, precision machinery industrial park and new technology industrial park. We are dedicating our efforts to form new technology industrial framework that is led by IT industry and has electronic information, biochemical and precision machinery industries as pillars. We created special preferential policies to entice the growth of new technology industries and decided to set up high-technology development foundation and enterprise development foundation. We would like to transform the four industrial parks, which are our special concerns, into the first class model base for technology transfer and technology innovation in China as well as a new pride for developing high technology industries in Ningbo.

New Technology Industrial Park: The planned area for the 1st phase is 195,000 square meters. Being located inside the Development Zone, the park will concentrate on being the research and development base for high-technology industries. We designed this park with great cares for environment protection and want to make it a place with beautiful surroundings, carefully designed spacing and complete infrastructure facilities. We want it to attract and entice scientific research institutes, talents from higher educational institutions, top researchers, and returned scholars to undertake high technology research, transfer their research achievements and start new high-tech companies. We intend to build it into a first class model base for high-technology transfer and technology innovation.

Electronic Information Industrial Park: The planned area for the 1st phase is 667,000 square meters. We started this park with the computer assembly as the leading products in the electronic information industry here and expect it to push its related manufacturing industries forward together. The major products are as follows: main board cards for computer and its network, assembly line for computers, high-storage CD-ROM and floppy disk devices and their spare parts, new model of display and screens, new type of electronic parts (including chips), photoelectric devices, sensitive devices and sensors, new printing devices, new electronic materials, semiconductors, photoelectric materials, electric equipment, instrument and tools.

Biochemical Industry Park: The planned area for the 1st phase is 600,000 square meters. In this park, we would like to focus on developing biochemical medicines, Chinese medicines, marine medicines, health products, bio-agriculture and fine chemical products. At the same time, we also expect them to push their related manufacturing industries forward together. The key products are listed as follows: patented chemical medicine that is under the protection of China's jurisdiction, medicine intermediates that currently need to be imported, new medicine packaging materials, containers and medicine producing equipment, new technology to analyze beneficial ingredients and new equipment to extract them from Chinese medicine, new medicine, dyeing materials, mid-bodies, enzymes, assistants, and pigments as well as their new technology, processing technology for pigments, high-tech chemicals used in electronics and paper mills, food additives, fodder additives, surface active agents, adhesives, inorganic fibers, inorganic powder fillings and production equipments.

Precision Machinery Industrial Park: The planned area for the 1st phase is 534,000 square meters. We want it to concentrate on the production of plastic injection machines, electrical powered tools and automobiles spare parts etc and also expect them to push their related manufacturing industries forward together. The specially developed products in this park include the followings: precise, highly effective and large digitally controlled machine tools and their functional parts, hydroelectric parts, cylinder parts, sealing parts, precision punching moulds, precision chamber moulds and standard parts, industrial sewing machines and their spare parts, automobile electric devices and their spare parts, new electric weaving machines, new paper-making facilities, new electric instruments and materials, power transmitting facilities and their related parts, intelligent instruments and devices.

Main Investment Direction

The Main Investment Direction of Ningbo Economic and Technical Development Zone.
1. traffic, energy, real estate and city infrastructure construction.
2. large-scale industries taking advantage of the deep-water harbour, such as petrochemical, steel, building-material industry.
3. high-technology and high-value industry such as precision optical machinery, biological engineering, electronics, and new material production.
4. tourism, transportation, banking and other financial trade.
5. related industries, coordinating with the established projects in the Development Zone.
6. export-oriented processing industry and international trades taking advantage of the cooperation of Free-Trade Zone and Beilun Harbour.

The Office of the Management Committee

　　The Office of the Management Committees a comprehensive constitution set up by the management committee for administrative and management affairs, the fundamental duties of which are as follows: to offer comprehensive services on behalf of the management committee and thus become its department for synthesizing, advising, coordinating, and serving, so as to act as a liaison between administrative departments and enterprises, transfer information and keep in touch with the mass; to serve leaders directly on one hand as a channel of transferring their instructions and a staff in their policy-making, and to serve basic-level institutions on the other as a bridge to combine different institutions together; and to take charge of administrative affairs and supply working and living services for office workers.

　　Director：Sun Kezong
　　Telephone：0574-86881172
　　Fax：0574-86881816
　　Address：Floor 5, the Changjiang Edifice, Beilun, Ningbo, 315800.