Yuyao is located in East of Zhejiang on southern bank of the Yangtze River Delta and belongs to Shanghai Economic Zone. It is 40km west of the international port city of Ningbo, 120km east of Hangzhou. It faces Hangzhou Bay in the north and Siming Mountains in the south. The total area is 1,527 square kilometers. About 860 thousand people are living in 17towns (townships) and 6 neighborhoods.

Since adopting reform and opening policy, the economic construction and various social sectors of Yuyao have been developed very rapidly. A new economic structure has been formed with the agriculture as the basis, the industry as the pillar and the export production as the leading force. The economy of Yuyao develops at the rate of around 15% every year. In 200, the gross domestic product (GDP) of the city reached RMB 29.2 billion and its financial revenue was RMB 4.04 billion. Yuyao is one of the top 50 counties (cities) with the comprehensive economic strength among over 2100 counties (cities) in China. It has primarily formed the local industrial system with the electronic and electric appliances machinery and instrument, mold and plastic as its three major industries and fine chemical industry, electromechanical products and new material as its new leading industries. In 2005, the total industrial output was RMB 100.9 billion and the total industrial economic volume ranked seventh in the province.

The opening economy of Yuyao develops very fast. In 2005, the self-operated export volume was 2.16 billion USD. There are 19 categories and more than 1000 sorts of export products. The electromechanical products cover 70% upwards of the total export. The products are exported to 156 countries and regions. The business people from both at home and abroad come to invest in Yuyao one after another. Up till now, Yuyao has approved 1232 foreign funded enterprises accumulatively with the total investment of USD 5.67 billion, registered capital of 3.42 billion USD and foreign investment of USD 2.98 billion. Over 50 enterprises have been set up and put into operation in Far East Industrial Park, which is solely invested and developed by Taiwanese. The economic development zone, the Industrial Park are improving themselves for absorbing more foreign investment and achieving a greater success.

Yuyao Foreign Trade & Economic Co-operation Bureau
Add: No. 2, Shunshui South Road, Yuyao
Zip Code: 315400
Tel: 86-574-62666811,62666803
Fax: 86-574-62666800
E-mail: gww811@163.com
Website: www.ftec.yy.gov.cn

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Yuyao Economic Development Zone of Zhejiang Province

Yuyao Economic Development Zone was set up in 1992 and is one of the first provincial grade economic development zones approved and set up by Zhejiang provincial People's Government. The zone with the planned total area of 23.12square kilometers is divided into three sections, which are located in Western, Southern and Eastern parts of Yuyao. It is combined with Yuyao New and High-Tech Industrial Park, Zhejiang Far East Industrial Park and New Zone of East Yuyao.In nowadays, the developed area reached 17.11 square kilometers and the investment of facilities was RMB 3.00 billion.

The Economic Development Zone has wonderful investment environment and developing prospects with the convenient traffic, advanced telecommunication, and rich resources of land, labor, water and power supply. The basic facilities and service departments are completed in the Zone includes the hot power station, water supply factory, programmed telephones system, Maritime customs, Commercial Inspection Bureau, warehouse and Banks or so. The Economic Development Zone Administration Committee has the right to examine and approve the foreign invested projects with the total investment below USD 30 million. The foreign investment promotion center of Development Zone offers good quality service for all the foreign investment affairs, and Yuyao Economic Development Zone has been popular day by bay to the foreign investors from southeast coastal countries. Up to the end of 2004, 1178 projects have been developed in the Zone with the total investment RMB 13.94 billion including 236 foreign-funded projects with total investment of USD 1043 million, contract volume of foreign investment of USD 372.3 million and actual utilization of foreign investment of USD 185 million.

In 2004, the total industrial output of Yuyao Economic Development Zone was RMB 8.8 billion, the export delivery volume was RMB 4.3 billion, and the benefit tax reached RMB 940 million. The zone has primarily formed a complete and coordinative industrial system with plastic and mold, household electric appliances, electronics and telecommunication, machinery and instrument, hardware tools, automobile fitting, textile industry and chemicals, new style material, toys and gifts, etc. Yuyao Economic Development Zone has promoted the development of the around area and been a new force for the economic growth of Yuyao city.

The New Zone of East Yuyao covers 9.1 square kilometers, which is close to China light industrial mold District and China Plastic District, is under the complete construction and developments. Yuyao Economic Development Zone lets all the investors make profits with wonderful environment, preferential policies and good quality service. The business people from both at home and abroad are cordially welcome here for inspection, investment and joint development.

Yuyao Economic Development Zone Administration Committee of Zhejiang Province
Add.: No. 335 Zi Ling Road, Yuyao, Ningbo, P.R.C.
Post Code: 315400
Tel.: 86-574-62610063,62610061,62610058
Fax : 86-574-62610088
Website www.yykfq.com
E-mail: yyzs@yykfq.com

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Yaobei New Industrial Zone

Yaobei new Industrial zone is located in the northwest of Yuyao city and its southern part is close to city area. The total planned area is about 31.6 square kilometers and it is only 20km away from the Hangzhou Bay Bridge that is under construction. For the construction of the bridge, the distance between Yaobei new industrial zone and Shanghai will be great shortened and the new zone will enter into the ' Shanghai traffic scope within 2 hours', belong to 'world level great international cities scope centered Shanghai' and it can be influenced by the economic radiation of Shanghai at large.
According to the principle of whole programming, comprehensive exploitation, carrying out step by step, Yaobei new industrial zone tries its best to make a wonderful investment environment, fully embody the features of modern new industrial zone and emphasize the outlook and image. Yaobei new industrial zone will develop into a green new zone with industry, commercial trade and residence after 10 years efforts. On the basis of the profession features and planned layout, the textile industrial park, machinery and hardware industrial park, household electric appliance industrial park and precision chemicals industrial park will be built to increase the industrial economy.

Yaobei new industrial zone not only has the geographical advantages to high-grade construction, but also tries to raise the level of soft investment environment and simplify the procedure of investment. The service agency of Yaobei new industrial zone specially handles the project approval and registration for the investors, that is to say, the agency supply all the investment service affairs from the beginning of operation to the production. It ensures the foreign enterprises to feel ease to invest, work, live and repay in the Yaobei new industrial zone. Within the scope of national policies, the investors to the zone enjoy various preferential policies of provincial grade development zone.

Yaobei new industrial zone is opening the economic construction door; the business people from both at home and abroad are cordially welcome here to visit and inspect.

Yaobei New Industrial Zone Administration Committee of Yuyao City
Add: No.88, yingxia northRoad, Langxia Jiedao, Yuyao City
Tel：0086-574-62288688
Fax：0086-574-62288783
E-mail：yb15@ybxq.com
Website: www.ybxq.com

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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 RMB24 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 continues 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 urbanization 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-around progress will be made in the city. The enrolment ratio to the education of higher learning will reach 20%; the total population will be controlled around 840,000; the forest coverage be 47% and the total volume of pollutant discharge drop by 10%.

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