From domeok@mail.sxptt.zj.cn Sat Mar 15 17:03:29 2003 From: "Water.Kim" Subject: Welcome to invest in China! ************(English)************** Dear Sir or Madam, Firstly please allow me to express my warmly compliment to you! We are Shaoxing Paojiang Industrial Zone, which is one of the largest development zones in China. Shaoxing is one of the top 24 economically dynamic center cities in Changjiang Yangtze River Delta as well as one of the top 30 economically dynamic cities in China. we hope to strengthen our contact and cooperation especially promote you to invest in our zone and try our best to offer best corresponding service for you so as to promote further communion between us . Our Foreign Investment Promotion Bureau is responsible for publicizing, attracting, explanation and service. We adhere to the working principle of being public, quick, and efficient. We will provide excellent investment environment to promote our mutual knowing and attract more enterprises to invest in our zone to disclose a new page on cooperation between us. We sincerely look forward to your visit to our zone! Paojiang Industrial Zone Foreign Investment Bureau Water.Kim Contactor: Water.Kim Add: Shaoxing Paojiang Industrial Zone Foreign Investment Promotion Bureau, Zhejiang Province P. C. 312071 TEL£º0086-575-8030016 H.P£º0086-13588579058 FAX£º0086-575-8030015 E-MAIL: domeok@mail.sxptt.zj.cn Key Points of Investment in Shaoxing Paojiang Industrial Zone *Name: Shaoxing Paojiang Industrial Zone *Time of setting up: July 2000 *Geographic Location: Shaoxing Paojiang Industrial Zone is situated in the southeast coast of China and the central & northern part of Zhejiang Province and is close to Shanghai£¬Suzhou, Hang Zhou and 20 kms away from Xiao Shan International Airport Hang Zhou. *Area & Population: Shaoxing covers an area of 8,256 square kilometers with 4.32 million people inclusive of a population of 0.1 million and 80 square kilometers in Paojiang (65square kilometers under construction). *Climate & living condition: Located in the sub-tropical monsoon climate zone, Shaoxing has four distinctive seasons, humid air and amiable climate, with an average temperate of 16.2-16.5¡ãC around the year. Shaoxing is an exemplary city of national environmental protection and is fit for living. *Infrastructure facilities: The infrastructure facilities such as road, power, telecommunication, cable TV, water supply, rainwater, sewage, and heat supply are available in the zone. *Criterion for the roads: All the roads in the zone are constructed as cement or bituminous concrete surfaces by the Administrative Committee at a density of 2.3 kms per square kilometer with the width of 38-126 meters. * Power supply: In the zone, there are 3 transformer substations of 0.035 million, 0.11 million, 0.22 million volts for power bi-circuit supply charged at 0.475 Yuan /Kwh£¨0.057 US$ /Kwh£©. *Water supply: National Grade A water of European drinking water standard with a daily supply of 0.3 million tons is available. Water supply price: Industrial use: 1.6 Yuan per ton (0.19 US$ / ton). The enterprises are also allowed to fetch the rich underground water with the price of 0.2 Yuan per ton (0.024 US$ / ton). *Sewerage capacity: The sewage pipeline network will be set up to the edge of the project land; the qualified wastewater shall be drained into the nearby pipe network. Its standard is: COD¡Ü 1,000; SS¡Ü400; PH: 6-9. The heavily pollution to link the wastewater drainage is 1.6 Yuan per ton (0.19 US$ / ton). The capacity of water supply is 0.8 million ton daily. *Heat supply: The average fee is 85 Yuan per ton (10.24 US$ / ton); Steam parameter: pressure: 0.7 Mpa; temperature: 250 ¡ãC. *Land cost: The land cost for industrial items is 8-150 Yuan / sqm / 50 years (1-18 US$/ sqm /50 years). *Cost for construction: Charged at 500 Yuan /sqm (60 US$/ sqm ) for brick frame structure and 400 Yuan /sqm (48.2 US$/ sqm ) for steel structure. Standard factory buildings are available in the zone at a rent of 5-10 Yuan/ sqm /month(0.6-1.2 US$ / sqm /month). *Value-added tax and Income tax: The VAT rate is charged at 17%. The legal income tax rate is 33%. The income tax of the foreign-funded enterprises in SPIZ is 26.4%. The foreign-funded enterprises in SPIZ are totally exempt from income tax for two years starting from the profit-earning year, and taxed in half in the following 3 years. *Financial support: According to Shaoxing Municipal People's Government, the taxes including 20% of the VAT, 32% of the income tax and 64% of the local tax that enterprises in SPIZ should be charged will be totally refunded in the first two years and half be refunded from the 3rd to the 5th year; For projects of more than USD 3 million, the local retained portion will be refunded in the first five years and half be refunded from the 6th to the 10th years. *Capital discount support: Every year, SPIZ Administrative Committee offers capital discount to the projects, which is in line with the municipal discount support terms or greatly contributing to the construction of SPIZ at a rate of 0.5% in proportion to the capital assets of the actual investment by solely foreign-funded enterprises. *Drawback for export: The VAT and consumption tax of export products shall be refunded in the course of domestic production and circulation at a rate of 5%-17%. The consumption tax of export companies shall be totally refunded. *Customs duty free: For the projects listed in the" National Category of Encouraged Foreign-funded Projects", the imported equipment as an investment shall be exempt from Customs duty. *Investment service: SPIZ is authorized to approve foreign-funded projects under USD 30 million, offering best services in the whole application & approval procedures with necessary documents provided by investors. *Financial support: Financial support is available for hi-tech and foreign-funded *Salary for the staff: Shaoxing is rich in labor resources and is easy to recruit people. The salary for laborers is low: 600-800 Yuan/ month(72.3-96.4 US$ /month) for skilled workers and 800-1500 Yuan/ month(96.4-180.1 US$ /month) for management staff. *living Condition: Shaoxing is a state-approved China Excellent Tourism City and Standard Environmental Protection City. It is very fit for living and the price for purchasing apartments of high-class is about 3000-6000 Yuan/ sqm ( 361.4-722.9 US$/ sqm ). ***********£¨Chinese£©************