Plan--Key Investment orientation--Key
Daxie Development Zone, approved by the State Council to
be set up in March, 1993 and developed by China International
Trust & Investment Corporation, is a State-level economic
and technical development zone with main industries of port,
industry, trade, etc. A series of preferential treatment
are vested in the zone by the State and local government
to encourage investing and developing different kinds of
Daxie Development Zone (NDDZ), situated in the east part
of Ningbo City and 40 km away from the down town, is located
at the side of Hangzhou Bay, which is at southeast corner
of Yangtze River Delta, and is in the middle of Jintang
Water System, borders on Damao Yang of the East Sea, connects
with international shipping channel to the east, close to
Beilun port to the west, faces Zhoushan Archipelago to the
north, and is only 500 meters away from the nearest mainland
to the south. NDDZ is also only seperated from Ningbo Economic
and Technical Development Zone and Free Trade Zone by water.
Daxie Island covers an area of 30.84 sq.km. and has a deep
water coastline with length of 10 km. The water near coast
is from 10 meters to more than 20 meters in depth with the
characters of ice-free and silt-free, which is specially
suitable for building large-scaled port and developing port-related
has planned to build Daxie Island into a large-scaled international
port and foreign-oriented economic zone with world class
by setting export-oriented processing and hi-tech industries
as key industries, international trade, cargo transshipment,
warehousing and transportation as its mainstay and with
more developed tertiary industry, complete function, beautiful
environment and rational distribution.
Having been developed and constructed for several years,
the infrastructure facilities in Daxie Development Zone
such as water electricity, road, bridge, communication,
etc, are being perfected and can meet the needs of development
and construction of large and small projects. Investors
both at home and abroad are welcome to invest industries
in the development zone.
Daxie Development Zone, Ningbo, P.R.C.
Post Code: 315812
Tel.: 86-574-86768552, 86769227
tentatively planned to build Daxie Island into a large-scaled
international port and foreign-oriented economic zone with
world class by setting export-oriented processing and hi-tech
industries as key industries, international trade, cargo
transshipment, warehousing as well as transportation as
its mainsty, and with more developed tetiary industry, complete
function, beautiful environment and rational distribution
through three stages in about 15 years. Mr. Rong Yiren highly
summarized the purpose of the development of Daxie Island
as to build Daxie Island into an economic and trade zone
with world class port.
The details of this overall purpose reflects as following
1. To build Daxie and Beilun into key ports of container
Transportation of Shanghai International Shipping Center
and a large international container transshipment base.
2. To build a large-scaled transshipment base for liquefied
chemical, dangerous goods, crude oil, oil products and other
3. To make full use of the advantage of deepwater port to
develop port-related industries, hi-tech and export-oriented
processing industrial zone.
4. To build Daxie Island into an active economic and technical
development zone by developing banking, commerce, trade,
storage and warehousing, tourism and other tertiary industry
with great efforts.
5. To create an ideal investment environment with good infrastructure
facilities, beautiful surroundings, excellent service and
good investment environment to make the enterprises profitable,
and to build the island into a foreign-oriented zone step
functional areas can be divided into development starting
area, container port-warehousing industry area, bulk-oil
goods-harbour area, finance-commerce & trade-living
center area and residence area. It is planned to build 40
berths ranging from 20,000 to 300,000 tonnage with annual
through put of cargo of 100 million tons including 3.15
million TEU of containers. It is also planned to construct
some areas for tourism and spending holidays such as sea
tourism area, golf court, villa, etc.
Key Investment orientation
Port, wharf, warehousing and transshipment
oil, oil products, liquefied chemicals, warehousing and
& shipbuilding, container repairing & building
refining, metallurgy, mechanical and electronic products
communication equipment, biological technology.
chemicals, light & textile processing
edible oil and aquatic products processing
industry such as tourism, service, etc.
LPG Break-bulk Terminal Project for East China
Total investment USD 96.5 million, with BP-Amoco as
the major share-holder. It covers an area of 23.6 hectares,
includes two 500,000 m3 underground caverns, one 50,000
DWT berth, two 5,000 DWT berths, and relevant supporting
facilities. It is to import LPG 1 million tons per year.
It is planned to be operational in the middle of 2002.
It will be the storage and distribution center of LPG
for East China.
DWT Crude Transshipment Terminal and Storage Base
It covers an area of 41.2 hectares and includes one
250,000 DWT crude oil jetty, one 50,000 DWT oil jetty,
and a tank farm of 2 million cubic meters. Phase one
of the project, which covers one 250,000 DWT crude oil
jetty and six 55,000 m3 storage tanks with investment
RMB 500 million, is planned to be operational in August
Dean Water Treatment
Water treatment facilities manufactured by Dean New
Technology Corporation, an ISO9001-certified company,
enjoys wide fame in China. The major products includes
DA Series Multi-functional Electronic Disincrustationer
and DAY Series Water Purifying System.
This Sino-Italy joint venture boasts a total investment
of USD20.5 million. It is a company of producing artificial
granite toilet wares and artistic wares, with an annual
capacity of 800,000 tons.
NDDZ (Ningbo Daxie Development Zone) provides the following
preferential policies to investors and operators:
1. Corporate Income Tax
The corporate income tax rate in NDDZ is 15% and subjects
to "Five-year exemption and five-year half-reduction",
i.e., as of the first profit-earning year, the corporate
income tax is completely exempted for five years, and subjects
to half-reduction for the following five years.
2. VAT and Business Tax
Enterprises in NDDZ can enjoy five years' preferential treatment
in VAT or business tax as follows:
l By December 31, 2001, financial subsidy can be given to
enterprises for VAT or business tax in the following rate:
Amount of basic construction investment Subsidy rate
RMB 1 to 5 million 40%
RMB 5 to 10 million 50%
RMB 10 and above 55%
l From January 1, 2002 to December 31, 2004, the subsidy
rate for the VAT or business tax is as follows:
Amount of basic construction investment Subsidy rate
RMB 1 to 5 million 25%
RMB 5 to 10 million 30%
RMB 10 and above 35%
3. Land subsidy
The transfer period for land use right is 50 years. The
land transfer price is RMB 180/ m2, which subjects to subsidy
as per the following:
l For basic construction investment between RMB 1 to 5 million,
RMB 45/ m2 can be subsidized.
l For basic construction investment above RMB 5 million,
RMB 75/ m2 can be subsidized.
l For investment in high and new technology, additional
RMB 30 m2 can be subsidized.
NDDZ has its own independent customs office. Subject to
approval, duty-bonded warehouses and plants can be set up.