Ningbo Trade Zone Seeks High-End FDIs

October 27, 2003 | Print | Email Email | Comments | Category: Business





    Ningbo Economic & Technical Development Zone (NETD) is seeking more foreign investments from the high-end information technology, electronics and electrical sectors.

    The 29.6 sq km zone northeast of China's Ningbo City, has a population of 5.4 million and is home to 6,863 foreign enterprises with a total investment of US$21.31bil. The investment cooperation bureau director Chen Xu Qin said recently that about 2,000 companies in Ningbo were involved in the electronics and electrical business.

    "Only about 100 of them are involved in high-end electronics and electrical manufacturing. They are into making computer main boards, disk drives, personal device assistance, and wireless paging systems. Furthermore, since opening up in 1984, the electronics industry has grown an annual average of 30%," he said.

    Chen said to attract investors the income tax rate had been set at 15%. "However, in the initial two years of making profits, there will be no income tax, and there will be 50% reduction for the subsequent three years. NETD is also giving privileges to entrepreneurs for project preparation, land price, infrastructure, technology introduction, and equipment renovation."

    Related Links:


    Recommend this page: 1 Star2 Stars3 Stars4 Stars5 Stars

    Loading ... Loading ...
    Related News:
  • Bird Flies High With New Sagem JV
  • China Mobile Deploys Vyyo In Ningbo
  • Third Online Game And Animation Industry Zone Heads To Shanghai
  • China's Huawei Gains 20 Million GSM Line Contract In India
  • M-Zone Shop Launched by Shanghai Telecom
  • 10th China Yangling Expo On Agricultural High-Tech Products Opens
  • $1.7 Billion Legitimate Software Purchase In United States
  • Computer Game And Animation Industry Zone Opens In Beijing
  • China: High Rise In Foreign High-Tech Trade
  • Bird Predicts Loss In First Half Year



    • Leave A Comment:



    Inside ChinaTechNews.com


      Other China News

      China Sourcing News:

      Home Building Chain Closes Another Store In China

      American Internet Retailer Adds Courier Fees In China

      French Optics Company Announces Two China Investment Deals

      Increasing Manufacturing Costs Cause Trouble For Chinese Retailer
      TechSecurityChina.com:

      Inspur International To Sell Chinese E-government Business

      Shareholder Disputes Settled For Chinese Media Firm

      Qihoo 360′s Safebox Software Will Integrate With Uuu9.com

      Apple Suspends iPhone 4S Sales In Retail Stores In China
      ChinaWirelessNews.com:

      ZTE Launches First Tablet In America

      Apple Adopts New iPhone Sales System In Hong Kong

      China Telecom To Launch CDMA-based iPhone 4S

      China Mobile's Call Center In Luoyang Formally Launched

      Visit these other China sites: ChinaRetailNews.com | GreenChinaTech.com | ChinaWirelessNews.com | TechSecurityChina.com | China Sourcing News | China CSR