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Equipment Manufacturing Industry Park
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Project No. 005
Project: Equipment Manufacturing Industry Park
Industry: Manufacturing
Project Site: Deqing County
Project Background and Conditions:
The equipment manufacturing industry is known as an important national burgeoning industry during the 12th five-year plan period. Deqing has proposed the high end equipment manufacturing as one of three key industries which are fostered by the local government. Based upon the traditional equipment manufacturing industry, Deqing plans to forge a high-end equipment manufacturing park in the south of Yangtze river by the transformation and escalation of technologies.                                                                       
Project Progress:
Now Deqing Equipment R&D and Manufacturing Base, China New Building Materials Industry (Hangzhou) Design Institute, an affiliate of China Building Materials Group, has officially set up. The total investment of the project amounts to 800 million US dollars.      
Co-operation Form: Foreign wholly owned or joint venture
Preferential Conditions Contributed by Chinese Partner:
A series of supporting policies and preferential policies offered by the local government are available, such as the announcement on encouraging the industrial firms to agglomerate and develop, the financial incentive policy for foreign invested enterprises, the financial incentive policy for the leading companies, the financial incentive policy for high and new technology enterprises, the financial incentive policy for public listing companies. The important projects and big projects will be treated individually and enjoy the specific preferential policy.
Status of Chinese Partner:
Founded in July 1992, Deqing Economic Development Zone, known as the provincial level development zone, covers an administrative area of 43.8 km2. Now the completed area is 10.2 km2. The third phase of the development zone, covering a planned area of 11.2 km2, has been submitted to Zhejiang Provincial Institute of Urban and Rural Planning and Design. The zone has started to work on an expanding area of 1 km2.
Correspondence:
Contact Person: Wang Yiwen
Telephone: 0572-8061355
Fax: 0572-8061355
E-mail: 51054476@qq.com
Address: 198 Changhong Middle Street, Wukang Town, Deqing County, Zhejiang Province 313200
Municipal Liaison Department:
                Huzhou Municipal Bureau of Foreign Trade and Economic Cooperation
                Address: International Trade Plaza, 237 Fenghuang Road, Huzhou, Zhejiang Province 313000
                Telephone: 0572-2191005
                Fax: 0572-2103388