Brief Introduction

Wenzhou Economic & Technological Development Zone(WETDZ), ratified by the State Council on March 16th, 1992, is the only state-level development zone in the south of Zhejing Province. After ten years development, a planned area of 5.11 square kilometers have been completely developed and become the modern industrial base and new economic growth point in Wenzhou. The total domestic production in 2001 reaches RMB 3 billion Yuan, total industrial output value reaches RMB 7.5 billion Yuan and financial revenues reaches RMB 500 million Yuan.
The administrative committee of WETDZ, on behalf of Wenzhou municipal government, exercise the leadship of the zone, Wenzhou Hi-tech Industrial Park and Binhai Industrial Park.
Wenzhou Economic & Technological Development Zone has formed three service systems- "a coordinate process" service system on introduction of projects; all- round service system on development of projects; regular service system on operation of projects.
"Is it not a joy to have friends come from afar?" This old saying is given a new meaning by WETDZ. We are making our great efforts to create a better environment with our great enthusiasm and excellent service. Warmly welcome entrepreneurs from home and abroad to invest in WETDZ for a promising future!

Infrastructure

Water Supply: the present water supplying capacity in the Zone is 30 thousand tons per day,jointly supplied by Zhuangyuan Waterworks and Wenzhou East waterworks.

Power supply: the power in the Zone id directly supplied by the East China Power Network.There are two transformer substations in the Zone .One has a capacity of 35 thousand volts and the other 220 thousand volts.

Communication: the Zone has built a branch of the postal and telecommunications bureau, boasting 15000 program-controlled telephones and a complete set of modern postal and telecommunications equipment.

Drainage: the Zone has developed a perfect drainage system according to the principle of split-flow of rainwater and sewage.

Preferential Policies of State-Level Development Zone

1. Foe foreign-funded productive enterprises, the income tax is paid at the reduced rate of 15%, of which the enterprises with the business operation of over ten years, the tax will be free for two year starting from the profit-making year and reduced to 50 percent and levied at 7.5 percent of the rate from the third to the fifth year.
2. After the expiration of the aforesaid reduction and exemption period, for the technically advanced enterprises, the period of income tax payment at 50 percent of the rate will be extended for another three years. And for export-oriented enterprises, if their annual exports amount to 70% or plus of their yearly turnover, the income tax will be paid at 10% of the rate.
3. For foreign-funded productive enterprises, the local income tax will be paid at the reduced rate of 1.5% and will be free for tow years starting from the profit-making year and reduced to 0.75% of the rate from the third to he fifth year.
4. If a foreign-funded enterprise has suffered a loss for a given year, the deficit can be made up for by drawing the same amount from the profit earned in the following year. If this is not sufficient to cover the loss, the compensation can be continued in the same manner for following five years.
5. If foreign investors reinvest the profit earned in this or other enterprise with the operation period of over five years in the development zone after paying he enterprise income tax, they will have a draw-back 40% of the income tax already paid for the reinvestment amount. If they reinvest in the enterprises manufacturing products for export or providing advanced technology in the development zone, they will have a total draw-back of the income tax already paid for the reinvestment amount.
6. The products manufactured for export by enterprises are free from export duties and value added tax, except that other regulations will be stipulated by the state.
7. The products manufactured by foreign enterprises can be sold in China through approval.
8. The rates for state land lease are lowered by RMB 10,000 to 50,000 Yuan per mu depending on the size of investment and status of paid-in capital, and for such hi-tech projects as confirmed by the Provincial or Municipal Scientific Commission, the rates can be lowered by RMB 30,000 Yuan to 60,000 Yuan per mu.
9. Enterprises can apply for raising a mortgage on foreign currencies or fixed assets in accordance with regulations stipulated by banks. The funds needed by enterprises manufacturing products for export or providing advanced technology can be granted preferentially from banks.
10. Enterprises have the right for recruitment of he workforce on their own according to laws. They have he right to decide on he establishment of set-ups and personnel, the right to hire or dismiss workers and staff members, the right to decide on the forms of wages, the pay scales and the rewards, penalties and subsidies for their workers and staff members. Enterprises implement the contract work system.
11. Enterprises can simultaneously enjoy a series of preferential terms stipulated by the state, provincial and municipal laws and regulations. In addition to the above preferential terms, the enterprises funded by overseas Chinese and Hong Kong and Taiwan compatriots will be allowed to make proper arrangement for the employment of their relatives, whose residence registration can be changed from the countryside to the development zone, according to the state regulations concerned.
12. Internally joined enterprises in the development zone can also enjoy certain preferential policies in accordance with the concerned regulations and with reference to foteign-funded enterprises.

Department

Wenzhou Economic & Technological Development Zone(WETDZ), ratified by the State Council on March 16th,1992, is the only state-level development zone in the south of Zhejing Province. After ten years'development, a planned area of 5.11 spuare kilometers have been completely developed and become the modern industrial base and new economic growth point in Wenzhou. The total domestic production in 2001 reaches RMB 3 billion yuan, total industrial output value reaches RMB 7.5 billion yuan and financial revenues reaches RMB 500 million yuan.
The administrative committee of WETDZ, on behalf of Wenzhou municipal government, exercise the leadship of the zone, Wenzhou Hi-tech Industrial Park and Binhai Industrial Park.
Wenzhou Economic & Technological Development Zone has formed three service systems- "a coordinate process" service system on introduction of projects; all- round service system on development of projects; regular service system on operation of projects.
"Is it not a joy to have friends come from afar?" This old saying is given a new meaning by WETDZ. We are making our great efforts to create a better environment with our great enthusiasm and excellent service. Warmly welcome entrepreneurs from home and abroad to invest in WETDZ for a promising future!

Investment Orientation

Electromechanical Equipment Industry:
Hi-tech printing machines, packing machines,electronic medical equipment,
energy-saving motors,micro motoes, low-voltage electrical apparatuses,
control components and devices, intelligence automation
control systems, precision moulds, etc.
Electronic and communication Equipment Manufacturing Industry:
Computer peripheral equipment, applied software,
micro-electronics and elements, new sensory,
office automation equipment, communication and data transmitting equipment,etc.

Chemical and Pharmaceutical industries:
Fine chemicals of new technologies and varieties, including dyes,
auxiliaries, aluminum-silicon and catalytic agents, moleculars sieves,
rubber products,f ood and beverage additives, anti-staling agents,
household detegents, biomedicines, new-type specific chinese and
western patent medicines, diagnostic reagent and medicine,
blood hemodialysis system,etc.

Construction Material industry:
Building ceramics, fiber glass reinforced products,
granite products, and other new-type and light-duty building materials.

Testile Industry:
Export-oriented shoes and leather products, luggage cases, hardware,nfine arts and crafts, plastics, clothing,foodstuffs and packing matertials,etc.

Real Estate Development and Urban Inban Infra-structural Facilities:
Industrial workshops, ports and docks, storage and service facilities, sewage processing projects,etc.