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Investment
Environment
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¡¡¡¡Heavy investment in infrastructure,
such as highways, communications, water supply and energy facilities, over the past
decade has significantly improved the overall investment environment in Yuyao. |
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Ports
¡¡¡¡Yuyao depends on Ningbo and Shanghai ports for shipment. The
highway distance from Yuyao to Beilun Port is about 70 kilometer and 310 kilometer to
Shanghai Port. Ningbo is one of the four most important deep-water ports in China for
entrepot trading. It is broad, deep, free from ice and silt. Defended naturally by the |
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Zhoushan Archipelago in its
front and backed by mainland Ningbo Port has a broad, flat bosom. The main channel is
mostly over 50 meters in depth, ships with a DWT tonnage of 200,000 can pass by freely.
Those with a tonnage of 300,000 can pass by on the tide. Now there are 37 production
berths with tonnage ranging between 500 to 10,000 and 22 berths with tonnage larger than
10,000, one of which is mainland China's first 4th-generation international container
berth. The annual total handling capacity is as high as 70 million tons. Sea service is
now available between Ningbo 484 ports of 84 countries and regions, such as Yokohama and
Kobe in Japan, Pusan in Republic of Korea, Hong Kong and ports along eastern USA. |
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Highway
¡¡¡¡Hu-Hang-Yong (Shanghai-Hangzhou-Ningbo) Expressway, Highway
No.329 and Yong-Yu (Ningbo-Yuyao) highway pass through the southern, northern and central
part of Yuyao. It takes less than half an hour to Ningbo, only 60minutes to Hangzhou, and
only three hours to Shanghai. |
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Airport
¡¡¡¡It's only 45 kilometers from Yuyao to Ningbo Lishe International
Airport, where over 20 airline are now available, carrying passengers to Taipei/Gaoxiong
via Hong kong and Macao, and also to other large and medium-sized Chinese cities. It is
120 kilometers from Yuyao to Hangzhou Jianqiao International Airport, where |
33 airlines are now
available, carrying passengers to Hong Kong, Singapore and other large and medium-sized
Chinese cities. |
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Railway
¡¡¡¡The Hu-Hang-Yong Railway passes through Yuyao city proper,
connecting passengers and freights with railway arteries nationwide. Approved by the
Ministry of Railway, the multiple track project of the Hang-Yong Railway is now under
construction. |
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Canal
¡¡¡¡The Hang-Yong Canal is the extension of the Beijing-Hangzhou
Grand Canal. It allows passage of freights with a tonnage of 100.It passes through the
territory of Yuyao in a west-east direction, making shipment very convenient. |
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Telecommunications
¡¡¡¡The city has 150,000 lines of program controlled telephones and
30,000 mobile phones. Eighteen GSM base stations has been built. An international
information highway has been opened, services like express mail, telex, wireless paging,
communications, international |
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express mail service and
other services are available. |
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Power
¡¡¡¡The city's electricity is provided by Eastern China Grand Power
Network. The transmission, transforming equipment and facilities are all complete. The
electricity supply is sufficient, reliable and of high quality, with the annual amount
reaching 1 billion kWh. The heat and |
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power plant in the economic
development area of the city, which has an installed capacity of 30,000 kW, has been
connected to the power network to generate electricity and supply gas. The 55,000 kW first
stage project of another 110,00 kW power plant has been completed and started to generate
electricity. |
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Water Supply
¡¡¡¡Yuyao is very rich in water resources, with the total water
reserve arriving at 275 million cubic meters. Major water sources include large-scale
reservoirs in the Siming mountain area: the Siming Lake Reservoir, the Lianghui Reservoir,
the Lubu Reservoir as well as the |
Yaojiang River. There are 24
water plants in the city, which supply 58 million tons of water annually, sufficiently
meeting the city's water requirement both for production and for daily use. The No'3 Water
Plant located in the economic development area of the city has also been completed. It
produces 40,000 tons of water per day. The water treated and supplied by the water plants
of high quality, with the hygiene inspection indicators in conformity with state
standards. |
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Investment
Security©¦Investment Guidance |
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Investment Security
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Policy
Security ¡¡¡¡Opening to the outside world is a
basic policy of China. As a part of Ningbo, an important coastal port city, Yuyao enjoys a
series of preferential policies granted by the central government to open coastal cities.
As a key county of Zhejiang Province, it enjoys the status of a prefecture in economic
administration, in particular the power of approval over foreign-invested projects with
total investment of less than US 20 million .the autonomy of conducting import and export,
the power of signing contracts for overseas labor services and for contracting overseas
projects. Apart from these preferences, Yuyao has especially worked out several
preferential policies for foreign-invested enterprises. All these have combined to provide
a sound policy environment for Yuyao to expand it's opening drive to the outside world. |
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Legal
Security ¡¡¡¡In order to legalize opening-up to
and economic and technological exchanges with the outside world, and to practically
safeguard the interests of companies from home and abroad, the central government has
formulated and promulgated the Law of the People's Republic of China on Sino-Foreign joint
ventures, the law of the People's Republic of China on Sino-Foreign Co-operative
Enterprises, the Law of the People's Republic of China on Foreign-Invested Enterprises,
the Law of the People's Republic of China on Foreign Trade as well as a number of other
laws and regulations applicable to both domestic-invested foreign-invested enterprises.
Besides, in light of the practical needs of opening up, based on relevant state laws.
Ningbo, as a relatively large city, has also worked out a series of provincial-level
regulations, such as Rules of the Ningbo People's Government, on the Basic Procedures in
Establishing Foreign-Invested Enterprises, the Complaining Methods for Foreign-Invested
Enterprises in Ningbo and Ningbo City Regulations to Safeguarding Taiwan Compatriots'
Investment, etc. In order to create a sound investment environment, and to practically
safeguard the legal rights and interests and interests of Foreign-Invested Enterprises,
the city recently formulated Resolutions of Ningbo People's Government on Further
Improvement of the Soft Environment for Foreign Investment. It will be safe to say that
there are laws governing every aspect and every link of Yuyao's economic exchanges with
foreign partners. |
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Institutional
Security ¡¡¡¡With the principle of efficiency
and convenience in foreign exchanges in mind, we have established and normalized some
institutions for managing, supervising, servicing, and operating activities involving
foreign countries or nationals. As the functional management department of the people's
government of the city, Yuyao Commission of Foreign Trade and Economic Co-operation is in
charge of the management and co-ordination of the city's foreign trade and economic
co-operation, as well as the projection and approval of foreign-invested enterprises, the
power of approval being within US20 million dollars. Yuyao's Import and Export Products
Inspection Bureau and Ningbo Customs House Yuyao office provide convenient service for
enterprises in import and export business. Yuyao City's Foreign Merchants' Complaint
Coordination Center specifically accepts foreign companies' complaints and safeguards
their rights and interests in accordance with law. Yuyao city's Foreign Investment Center
and Foreign Investment Service Center provide all sorts of consulting service for overseas
investors, recommend joint venture projects or co-operative projects, provide services
from the projection and approval of investment projects to the registration of
enterprises. Financial Institutions like the Bank of China, the Industrial &
Commercial Bank of China, the Agricultural Bank of China, the Construction Bank of China,
the Bank of Communications, the Pudong Development Bank and the Credit Corporation and
other institutions involving foreign affairs all provide investors with satisfactory
services in accordance with their respective duties. |
Investment
Environment©¦Investment Guidance |
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Investment Guidance
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¡¡¡¡In accordance with the state's
industrial policy of encouraging and supporting the development of foreign -invested
projects, laying emphasis on manufacturing-oriented projects. Yuyao has consistently
centered on the promotion of the economic efficiency of enterprises and the expansion of
exports and foreign exchange income in attracting overseas investment. It encourages
overseas investors in export production or import-substitution projects with advanced
technologies, and in infrastructure construction projects, to start up wholly-owned
project, veteran-enterprise-upgrading projects and agricultural and sideline products'
in-depth processing projects.
¡¡¡¡Projects inviting foreign investment in the near future include
viscose filament yarn, nylon fishnet pieces, sorbed acid, foodstuff additives, underground
polyphone pipelines for fuel gases, electrolytic copper, manufacturing of precision
plastics moulds, plastics machinery, light industry machinery, crystal material,
motor-driven electronic plastic toys, electrically -operated tools, instruments and
meters; cultural products, automobile spare parts, high-grade electronic products,
miniature bearings, CFA alloy copper belt, in-depth processing of agricultural and
sideline products like mustard tuber, bamboo shoots, and asparagus, the breeding of rate
flowers and plant ,and planting of fruit trees.
¡¡¡¡Opening to the outside world is a fixed objective of the Chinese
Government. The significant growth Yuyao has achieved over the past decade are
attributable to the reform and opening policy, to the economic co-operation and exchange
with various parts of the world. We shall abide by the reform and opening policy as we
always have, adopt a more opening policy to greatly promote the co-operation and exchanges
with various parts of the world.
¡¡¡¡Yuyao has opened wide its gate for economic construction. It
invites business people from home and abroad to invest in enterprises in Yuyao in various
forms, so as to promote the economic development of all sides. |
Investment
Environment©¦Investment Security |
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Copyright by China Plastics City Information
Center¡¡2000.08 |