NAME OF AREA/ZONE

Jiaxing Economic Development Zone JEDZ
CRITERIA  
Administration Administrative Committee of JEDZ: The Economic Development Bureau of Jiaxing Economic Development Zone
Name of contact person Mr. LU Zheng Yu
Telephone +86-573-220 85 01/3
Fax +86-573-220 85 70, 207 11 74
Mobile  
E-mail jedz@public.jxptt.zj.cn
Homepage/link to:  
Address No 1, West Dongsheng Road, Jiaxing, Zhejiang
Postcode 314001
   
Environment of location:  
Town/Province Jiaxing, Zhejiang
Population (mio.) 3.3
Next airport (km) Shanghai Pudong, Shanghai Hongqiao (90km), Hangzhou Jianqiao/Xiaoshan (approx. 90km)
Next harbour Zhapu Port 40 km (ships of 50000 tons can be handled), Shanghai Port 130 km, Beijing-Hangzhou Grand Canal is passing through the zone
Railway Jiaxing Railway (Passenger and Cargo) 4 km, leading to all directions
Roads No.320 National Highway and Suzhou-Jiaxing-Zhapu Highway are passing JEDZ, Shanghai-Hangzhou Expressway (5km) to Shanghai: 98km, to Hangzhou 92 km, Suzhou-Jiading-Zhapu Expressway under construction
Basic Information  
Type of zone Provincial Level
Customs  
GDP (bn RMB)  
sqkm of area planned 18.7
sqm of area developped til 99  
owner  
Investment Structure  
No. of companies settled 72 foreign funded enterprises
German companies e.g.  
International companies e.g. Hankook Tyre (Korea), Eastern Steel Cord (HK), Tongmin Stainless Steel Components (Taiwan), Jasmi Silk Products (Japan), Jiaxing Expro Stainless Steel Mechanical Engineering (USA), Jiaxing Jinxing Packaging Industry (Singapore) etc.
Most important industries Automobile tyres, metal products, light and textile products
Target investment industries Textile, machinery, food processing, construction materials, leather, sewing, paper making, electronics, chemicals
   
Investment Costs  
Income tax from profit making year 0/0/7.5/7.5/7.5, then 15% , further preferentials for Hi-Tech enterprises; Local income tax: 1.5%, exemptions for production , hi-tech and export oriented enterprises
VAT situation Encouraged foreign investment industries do not pay VAT and customs duty for production equipment and related technology, auxiliary materials, spare parts for own use (excluding those listed in the "Catalogue for Goods Not Allowed to Import Duty Free for Foreign Invested Projects")
   
Required ratio green /building surface  
Land: Purchasing price for 50y 20$US/sqm for industrial use; 35$US for commercial and residential use; Land use fee: 0.25-0.5RMB/sqm/year
Land: Rent  
Industrial Buildings and Warehouse: Purchasing price 155$US/sqm,
Industrial Buildings and Warehouse: Leasing 2 $US/sqm/month
   
Offices: Purchasing price  
Offices: Rent  
Appartments: Purchasing price Villa: 360$US/sqm, Appartment: 155$US/sqm
Appartments: Rent Villa: 4$US/sqm/month, Appartment: 1.2$US/sqm/month
Construction costs: multi-storey               
one storey
 
Standardbuilding available yes
Supply  
Water: max. amount Waterworks supplies 1.5 Million tons of daily water supply capacity
Water: pressure 3 kg on water supplying pipe network
Cost of water supply to the Industrial sector Volume increasing fee: 500RMB/ton; 1RMB/ton (residential use: 0.8RMB/ton; Discharge: 0.09 RMB/Ton
Electricity (KVA) East China Electrified Wire supplies electricity to the zone: 2 x 110KV substations in the zone
Cost of electricity supply to the Industrial sector Supply and distribution cost:10 KV: 850 RMB/KWH; 35 KV: 730 RMB/KWH, Use fee: industrial: 0.62 RMB/KWH; resodential: 0.53 RMB/KWH
Heat/Steam Pressure: 7-15 Kg/sqcm; Temp.:300-340C
Gas: amount One heat &power plant, having 4 sets of boilers, 65 tons for each, 3 sets of 12000 KW turbogenerators with 100 tons/h ,
Cost of gas supply to the Industrial sector Volume increasing fee: 80000 RMB/Ton; Use fee: 90 RMB/Ton
Telecommunication: number of lines possible; IDD 20000 units program-controlled telephone network
Telecommunication: cost of phone line 3308 RMB/set for fixed line, 1600 RMB/set for mobile phone installation
Telecommunication: cost of fax line 3608 RMB/set
Drainage of rain water  
Drainage of waste water  
Additional costs  
Sourcing  
Availability of skilled workers  
Average employee wages level (RMB/month)  
worker 400-800
skilled personnel 800-1500
secretary 800-1500
technician 600-1000
manager  
engineer  
univ. graduate  
   
Social Insurance and health insurance Paid by company:Endowment insurance: 20% of salary , Health insuranc: 1%, Insurance for injury on the job: 1%, Birth insurance: 0.06%
Unemployment insurance not more than 2%