Yuyao District -- Yuyao Economic Development zone--Yuyao Aid-the-Poor Economic Development Zone
--The Tenth Five-Year Plan of Yuyao City

Yuyao is located in East Zhejiang on south flank of the Yangtze River Delta and belongs to Shanghai Economic Zone. With the Siming Mountains on the South and Hangzhou Bay on the north it is 40 Km away from Ningbo, an international port city, on the east and 120Km away from Hangzhou to the west. It has a total area of 1527 Km2 and 22 towns (townships) under its jurisdiction with the population of 830,000.

Since reform and opening up to the outside world the economic construction and various social undertaking of Yuyao develop very rapidly. A new economic structure has been formed in the city with the agriculture as its basis, the industry as its leading force. The national economy of the city develops at the rate of around 15% every year and in 2000 the gross national product (GNP) of the city reached RMB 14.85 billion and its financial revenue RMB 929 million. It is one of the top 50 counties (cities) with strong comprehensive economic strength among over 2100 counties (cities) in China. It has primarily formed the local industrial system with electronic and electric appliance, machinery and instrument, mould and plastic as its three major industries and fine chemical industry, electromechanical products and new material as its new leading industries. In 2000 the whole city reached the total industrial output of RMB 52.2 billion and its total industrial output ranked the third place in the province.

The opening economy of Yuyao develops rapidly. In 2000 the export delivery volume of Yuyao reached RMB 8.86 billion and the self-managed export volume USD 303 million. There are 17 categories of exported products, of which the electromechanical products cover 71.2% of the total export. The products are exported to 108 countries and regions. The business people from both at home and abroad come to invest in Yuyao one after another. Up to now Yuyao has approved 619 foreign funded enterprises accumulatively with the total investment of USD 1.16 billion, registered capital of USD 598 million and foreign owned enterprises. The investment is from over 20 countries and regions. Over 50 enterprises have been set up and put into operation in Zhejiang Far East Industrial Park which is solely invested and developed by Taiwan Business people. The Economic Development Zone, the Aid-the-Poor Economic Development Zone and sixteen township industrial parks are improving themselves for absorbing more foreign investment and achieving a greater success.

Yuyao Foreign Trade & Economic Cooperation Commission
Add.: No. 111, South Binjiang Road, Yuyao, P.R.C.
Zip Code:315400
Tel.: 86-574-62706151, 62709141
Fax: 86-574-62703932
E-mail: ftec@yy.gov.cn
Website: www.ftec.yy.gov.cn

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Yuyao Economic Development Zone

Yuyao Economic Development zone was set up in 1992, and approved as provincial development zone by Zhejiang Provincial Government. According to the general program, the development zone covers an area of 7.02 sq.km and has two subdistricts which are located in the south and west of Yuyao. There are High & New Technical Industry Park and Zhejiang Far East Industry Park in the zone. Presently, the development area reaches 4 sq.km with 635 million RMB of investment in infrastructure.

The favorable investment environment, convenient transportation, advanced telecommunication, rich resources of land, labor and water & power supply ensures a prosperous future for the zone. It is equipped with complete infrastructure and service organizations, such as thermo-power plant, water plant, program controlled telephone module bureau, customs, commodities inspection, bonded warehouse and banks, etc. The administration committee has the authority of approving the foreign invested project whose total investment is lower than 20 million USD. The Business Promotion Center of the zone provides "one-stop service"(free of charge) for foreign investment affairs. The zone has become a hot land for southeast Asian investors. Up to now, a total of 380 projects have been approved with a total investment of 3.75 billion RMB of which foreign invested enterprises are 121 with total investment of 289 million USD, contractual foreign-investment of 141 million USD and actual utilization of foreign investment of 76.56 million USD. In 2000, the total industry output value in the zone hit 3.32 billion RMB, export volume 11.7 million RMB and profit 251 million RMB. Yuyao Economic Development Zone has grown into one of the top 5 provincial development zones in Zhejiang province.

The favorable investment environment, preferential policies and excellent service offered by the zone will benefit all investors. We sincerely welcome you to the zone for inspection and investment.

Yuyao Economic Development Zone Administration Committee of Zhejiang Province
Add.: No. 189 Chang An Road, Yuyao, Ningbo, P.R.C.
Post Code: 315400
Tel.: 86-574-62814764, 62820933
Fax : 86-574-62816998
E-mail: devez@mail.yy.gov.cn

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Yuyao Aid-the-Poor Economic Development Zone of Zhejiang

The provincial grade Yuyao Aid-the-poor Economic Development Zone is located in the southern suburb of Yuyao proper, on both sides of Yuyao's entrance to Shanghai-Hangzhou-Ningbo Expressway and with a planning area of 7 sq.km. At present an area of 2.5 sq.km has been developed and 250 enterprises have been set up to from the eight major industries of machinery, plastics, hardware, building materials, chemical products, textiles, electronics and instruments. The products are sold both at home and abroad.

The development zone has convenient transportation facilities with favorable geographic location and infrastructure. It is 2 Km away from the city center and the entrance to the expressway is located nearby. The holiday village of the Siming Lake and the scenic spot of Lianghui Reservoir are picturesque and not far away. The electric power is supplied by East China Grand Power Network through Yuyao's urban lines so as to meet the enterprises' need. The program-control telephones are connected both domestically and internationally . The water in the zone is able to meet the needs for both production and living purposes inside the zone, which has the greening areas. The zone provides satisfactory services and administration. It is an ideal place for both domestic and overseas investors.

The development zone has the land for transfer at a low price and the standard factory building for rent and sell. The enterprises in the zone may enjoy the special preferential policy of the development zone. The administrative committee is responsible for handling all the approval procedures for setting up the enterprise and provides a succession of efficient services. The departments of taxation, industry and commerce, public security, customs, commodity inspection, banks and others will provide the direct service to the various enterprises in the zone.

The high investment return and profit for the enterprises in Yuyao Aid-the-Poor Economic Development Zone are foreseeable. The administrative committee earnestly welcomes the inspection and investment of the business people from both at home and abroad for joint creation of a better future.

The Administrative Committee of Yuyao Aid-the-Poor Economic Development Zone of Zhejiang
Add.: No.348 Nanlei Road, Yuyao, Ningbo, P.R.C.
Post Code: 315400
Tel: 86-574-62713788, 62713769
E-mail: office@afupin.com
Website: www.fupin.com

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The Tenth Five-Year Plan of Yuyao City

By the end of Tenth Five-Year period the major objectives of the national economy and social development of Yuyao City are as follows:
--- Keep rapid economic growth. The GDP, with an annual increase of 10%, will reach RMB 24 billion as per the calculation of the price in the Year 2000 and the GDP per person about RMB 28,000.
--- Optimize and upgrade the industrial structure. The effective agriculture will obtain obvious results, the industrial advantages continue to be enhanced and the proportion of the service sector continue to be increased. The structure of the three industries will be adjusted to 9:61:30.
--- The urbanization will become more obvious. The population at the central city will reach about 250,000, the constructed area over 30 square kilometers and the urbbanization 50%. The proportion of the labor force in the non-agricultural sector will be about 70% of the total employment of the city.
--- The reform and opening up to the outside world has brought about new advantages. The export delivery rate of the city will be over RMB 20 billion, the self-operated export volume over USD 700 million and the actual utilization of the foreign investment for the total five years about USD 300 million.
--- The creative ability in science and technology will be improved considerably. The proportion of the new and high-tech industry to the total industry will be over 20% and the proportion of various professional and technical personnel to the total population over 4%.
--- The people will be living in a better way.The income of the average town and rural residents will increase by 5% annually and Engel factor will drop to about 0.4.
--- An all-round progress will be made in the city.The enrolment ratio to the education of higher learning will reach 20%; The total population of the city will be controlled around 840,000; The forest coverage be 47% and the total volume of pullutant discharge drop by 10%.

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