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Cixi Export Processing Zone

Facts & Figures (2010)

Rating BB
Year of Establishment 2005
Land Area 2.0 km2
Location Cixi, Zhejiang
GDP N.A.
FDI N.A.
Utilized FDI N.A.
Major Investors Hongyi
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 zone is located in the golden economic triangle near Shanghai, Hangzhou and Ningbo in China’s Yangtze River Delta
  • The zone has access to waterway and airway transportation


Limitations
  • The zone is still under construction
  • The area has less high-end talent than Shanghai or Hangzhou
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
Website: cepz.ningbo.gov.cn

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