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Taizhou economic development zone
Date:2012-05-26 23:14

Taizhou economic development zone

Lying in the midsection of the golden coastline of Zhejiang Province (121°28'E, 28°28'N), Taizhou economic development zone (henceforth, TEDZ for short) was established on Jan. 30, 1997, integrated with the provincial economic development zone, the provincial investment zone for Taiwan businessmen, and the provincial high and new technology industrial park. TEDZ is an open window to the outside, the economic carrier of Zhejiang Province, the driving force for the regional economies, the key area of the central city, and the model of systematic reform. The Zone covers a total area of 30 km2 that can be divided into the east and west districts with the dividing road called Donghuan. The 16 km2 east district is the scientific and technological park, which mainly relies on technology-intensive, export-oriented programs. Enormous eco-friendly modern manufacturing industry and process industry have been cultivated here. Besides scores of characteristic parks have also been erected here, such as the industrial park of high and new technology, the investment park for Taiwan businessmen, electromechanical industrial park, the center of starting an undertaking in the development area, and the park for students studied abroad to start an undertaking etc. The west district includes the 3 km2 key area of central city, and the residence and education areas around. The key area in the central city is composed by an administration cultural center, financial and commercial trading center, the sport center etc. It is the most intensive central block in new Taizhou with abundant human resources and the congregation of technology, information and capital.  

Since its establishment, TEDZ has accumulated up to 1,500 million RMB for the basic facility construction: 36 thoroughfares with the total length of 48 kilometers guarantee the convenient traffic, the total area of the road reaches 1,980,000 square meters, and the green coverage exceeds 300 mu. Undoubtedly TEDZ has already bred sound environment for investment and development at the moment. The east district has been fully equipped with the infrastructure such as road, telecommunication, electric power, water supply, drainage, sewerage, and land flat. Besides, 12 km2 expansion construction of newly developed area eastward is in progress, and the thoroughfares of “two verticals and four horizontals” of 21 km in total length is under construction in the district at present. The west district has already become the backbone of the road network with the width of the central road, main road for municipal government and Donghai main road reaching 62 m, 50 m and 42 m, respectively. The infrastructure of telecommunication, electricity, water supply, sewerage etc, and outstanding services of finance, commerce, culture and education, hygiene, sports etc are being perfecting progressively and enhancing constantly. So far investors from more than 10 countries and regions, such as USA, Germany, Hong Kong, Taiwan etc, have invested in the district, and mainly engage in reflect light membrane, festival light, automobile fitting, rubber product, industrial sewing machine etc. With reasonable industrial structure, flexible mechanism of enterprise, and export-oriented product of high quality, TEDZ is undergoing rapid economic development with bright prospects.

The management committee of TEDZ was appointed by the government of Taizhou, exercising economic administrative power in the name of municipal government. It centralizes the power of industrial and commercial administration, of levying taxes and charges etc. In order to further improve the investment environment, to attract enterprises and individuals both from home or abroad, and to promote the development of Taizhou, the management committee has introduced policies of reward (such as for those who introduce investment) and preferential policies (such as to support programs of high and new technology). For the leading product encouraged by our nation and import substituting product, for projects with hi-tech content, high degree of enterprise relation and bright economic prospects, and for enterprises engaging in the infrastructure and tract development in TEDZ, preferential policies (so-called “one enterprise, one policy” or “one project, one policy”) will be strictly operated to support their development. Meanwhile, TEDZ offers full set of services concerning marketing and management, and also operates “A window to outside” policy, which greatly simplifies the procedures of examination and approval.   

In addition, the management committee of TEDZ operates a strict policy of “developing economy, building new city”, strengthens efforts in attracting outside investment, exploits the advantage of flexible operating mechanism of new Taizhou, follows the guideline of the simultaneous utilization of internal and external capital, and tries to seize every opportunity to play on the stage of WTO. All the effects serve the purpose of building the most vigorous development area, the most centralized area of foreign investments of new Taizhou, the base for foreign exchange earning, and the intensive area of high and new technology. In the future, TEDZ is expected to be a zone of reasonable distribution, comprehensive facilities, convenient traffic, sound environment, high civilization, and bright economic prospects. We warmly welcome investors from home and abroad to visit TEDZ and invest here. Let us corporate and grow together.

 

TEDZ is running a glorious task of both developing economies and constructing a new town, as the people of Taizhou expect. Beating out the vigorous tune of constructing new Taizhou, TEDZ has undergone a five-year rapid development, during which many brilliant compositions have been conceived. The principles that “the infrastructure facilities should be developed first, essential points should be pushed forward, and the construction should be of high level” have been persistently applied in TEDZ. Elements essential for industrial production (such as road, telecommunication, power, water sewage drainage etc) and the matching services for finance, education, hygiene, sport etc, are being perfected.

In TEDZ regional economic quality has been emphasized and special industrial features have taken shape to typify the industrial style of TEDZ. Items, such as reflective film, Christmas lights, automobile accessories and sewing machines etc, have been produced with the help of the establishment of hi-tech industrial garden and pioneering center, as well as the expansion of the east zone. Enlightened and open policies have been introduced and operated in TEDZ. At present, in TEDZ have been established enormous enterprises with foreign investment from more than 10 countries and regions, such as USA, Japan, Germany, Australia, Hong Kong and Taiwan.

For investors, TEDZ presents the appealing economic development and bright investment prospects. Friends the world over are warmly welcome to investigate and invest in TEDZ, and the TEDZ Administrative Committee will provide first-class services for investors based on the principle of cordial cooperation and mutual benefit.

INVESTMENT FEATURES

Convenient Location

The city level administration center, financial and trade center, and cultural and sport center are all located in TEDZ that covers the key area of Taizhou with the congregation of human resources, technology, information and capital.

Integrated Economic Management Power

TEDZ welcomes foreign investment. Examination and approval procedures for foreign investment can be finished by the Administrative Committee of TEDZ, which exercises the city level economic management power.

TEDZ is fully equipped with well-developed infrastructure facilities with total investment exceeding 1.5 billion RMB. In TEDZ supporting projects are being refined, such as science and technology, culture and hygiene, living, finance and business.

Comprehensive Development

TEDZ is composed by a provincial level economic development zone, a provincial level zone for Taiwan investors, and a provincial level hi-tech industrial garden. At present TEDZ is applying for the processing and trade zone for export.

Comprehensive development should integrate hardware of industry with software of matching services. As a result, while emphasizing the industrial projects, investments in service industrial projects, such as financial services, trade, recreation and real estate etc, are also encouraged by TEDZ.

Perfect Service System

The Administrative Committee of TEDZ has made unremitting effort to refine the high efficient service system. Various services are offered to make foreign investors feel like home.

FEATURES OF LOCAL INDUSTRIES

Automobile and Motorcycle Accessories

Taizhou is the largest production base for motorcycle and automobile accessories, producing 70% of the plastic accessories made in China for the footplate-type motorcycles. Over half of the footplate-type motorcycles exported to USA, France, Germany and Italy, are produced in Taizhou. Qianjiang Motorcycle Group is ranked second in order of domestic market share. Jili Group is the biggest economy-type car production enterprise in China.

Plastic Moulds

Taizhou is the largest production base for plastic moulds in China, and is entitled “the land of moulds” and “the kingdom of plastic product”. 95% of mould product is made of plastic, mainly of pouring and blowing plastic. Plastic moulds for automobile and motorcycle fittings, family electronic appliances, and daily necessities, account for 74% of domestic market, of which the plastic moulds for the TV shell occupy 50%.

Garment Machinery

Taizhou is the largest production and export base for garment machinery in China. The product quality has reached the international advanced standard. The inflexion sewing machine and the cutting machine have occupied about 70% of the global market, and the product is well sold over more than 100 countries and regions, such as Europe, USA, Japan, Africa, Middle Asia and Southeast Asia.

Pump and Valve

Taizhou is a well-known production and export base for water pumps and valves. The scale, technology and quality of water pump product are all in the leading position in China. As an important production and development base for vacuum pumps and pressure-test pumps, Taizhou produces sophisticated small-typed water pumps, which accounts for about half of the domestic market. Taizhou is also the largest production and export base for the low-pressure copper valves in China, with the low-pressure copper valves occupying about 60% and over 50% of the domestic export market and the domestic market, respectively.

Taizhou is also one of the biggest export and production bases for Christmas art and craft gifts. Other mainstay industries include family electronic appliances industry, food process, shoes, caps and garment manufacture, and chemical medicine and power industry.

 

TRANSPORTATION

Highway    

The trunk roads of Taizhou are the national highway and the highway network of the expressway. No. 104 National Highway, China Coastal Expressway, Shangyu-Sanmen Expressway, and Taizhou City Big Ring Road all traverse the city. It takes less than 45minute to drive between any two cities in Taizhou. 2-hour and 4-hour will be spent to reach Hangzhou and Shanghai, respectively.

Harbour

Lying on the coast line, Taizhou has ever been an open window to the outside. With Haimen Harbor as the trunk, and Damaiyu and Jiantiao Harbors as two wings on the northern and southern ends, Taizhou harbor is a large multi-purpose, multi-trend and integrated Chinese harbor. Haimen Harbor, 2 km away from TEDZ, is equipped with 61 berths at present, and it is linked to the world by regular container liners. It is within 200 nautical miles away from Keelung of Taiwan, Fuzhou, and Ningbo.

Aviation   

TEDZ is 10 km away from Taizhou Luqiao Airport, which is a national level II airport with 13 lines and 3 adjustable lines, and which links 16 major domestic cities, such as Beijing, Guangzhou, Shenzhen, Shanghai, Wuhan, Nanjing, Chongqing, Changsha etc. It takes less than 2-hour drive from TEDZ to both Ningbo Airport and Wenzhou Airport. The construction of Taizhou Airport will commence soon.

POLICIES

For a foreign-invested project that is in accordance with state industrial orientation and has the fixed asset investment density exceeding 200,000 USD/mu, the land could be transferred at a price of 60,000-120,000 RMB/mu. If the following conditions are satisfied, preferential policies will be offered:

I.    1. It is a project with foreign investments of 3 million USD;

2. It is a foreign-invested project, which has been identified as a hi-tech project by provincial or national authorities.

II. If other foreign-invested projects meet the industrial requirements of TEDZ and the investment density exceeds 150,000 USD/mu, the land could be transferred at a price of 100,000-150,000 RMB/mu.

III.  For forementioned projects, if the construction starts within the contract terms and the foreign investments are in place, the urban construction fee levied from the enterprise will be refunded as a reward. For important and special foreign-invested projects, specific policy will be offered in light of the actual situations.

Reward for An Intermediary Introducing Foreign Investments

Reward standard

The intermediary who introduces foreign investments in TEDZ will be rewarded according to the following standards.

For executed foreign investments of 1~2 million USD, the reward is 5‰ of the actual executed fund;

For executed foreign investments of 2(inclusive)~5 million USD, the reward is 6‰ of the actual executed fund;

For executed foreign investment of 5(inclusive)~10 million USD, the reward is 7‰ of the actual executed fund;

For executed foreign investments exceeding 10 million USD, a higher reward will be offered.

Implementation of the Reward Policy

25% of the reward will be offered on receipt of 50% of the foreign investments. 50% of the reward will be offered on receipt of all the foreign investments and the capital-examining report issued by the accountant office. All the reward will be offered when the project has been put into production.

Identification of an Intermediary

An intermediary is one who is received by the Administrative Committee of TEDZ, and who introduces foreign investments to TEDZ. The internal relation between the intermediaries should be none of the business of TEDZ. An intermediary is eligible for reward.

The Administrative Committee of TEDZ should implement the reward treatment strictly and fairly, and the eligible intermediaries could not enjoy the rewarding treatment except that stipulated by the municipal government.




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