19 Sept 2011
Cixi Export Processing Zone
Facts & Figures (2010)
|Year of Establishment||2005|
|Land Area||2.0 km2|
|Major Industries Encouraged||foreign trade, warehousing, logistics, export processing|
|Source of Facts & Figures||Source: Administrative Committee of Cixi Export Processing Zone|
|Introduction||Cixi Export Processing Zone (Cixi EPZ) was set up in 2005 upon receiving the approval of the State Council. It is situated in Hangzhou Bay New Zone, north of Cixi in Zhejiang Province. It lies in the center of the golden economic triangle that consists of Shanghai, Hangzhou and Ningbo in China’s Yangtze River Delta. Hangzhou Bay Bridge, the world’s longest transoceanic bridge, goes across the Cixi EPZ.
Shanghai Port and Ningbo-Zhoushan Port, two of the Yangtze River Delta’s major ports, as well as Hangzhou Xiaoshan International Airport, Ningbo Lishe Airport, Shanghai Hongqiao International Airport and Shanghai Pudong International Airport, are located within 1.5 hours’ drive of the zone. The Hangzhou-Ningbo-Shanghai Railway is also located close by.
|Investment Climate||Cixi EPZ was the four th expor t processing zone approved by the State Council in Zhejiang Province after zones in Ningbo, Hangzhou and Jiaxing. The first stage of construction has been completed and the second stage is underway. Close to Cixi EPZ is Cixi Economic Development Zone, which lies on the north bank of the Hangzhou Bay New Area.
The firms in the zone enjoy preferential policies such as exemption from import and export taxes, protective tariffs and tax reimbursements. In January 2009, the zone was granted approval to carry out bonded logistics park functions, allowing enterprises engaged in warehousing, logistics and foreign trade to do business in the zone.
The export zone is negotiating investment plans with Flexitallic and Westar from the U.S. In 2007, Hongyi Electronics from Guangdong Province agreed to invest US$20 million to produce 20 million power connectors in the zone annually.
|Winning Edge and Limitation||Winning Edge
|The Administration Committee||Address: No. 1 Xingci Road, Hangzhou Bay New Zone, Cixi, Zhejiang, P.R. China 315336
Tel: 0086 574 63071002
Fax: 0086 574 63071000