Changxing County is in Zhejiang Province. It has a total area of 1,430 km2 and a population of 620,000 inhabitants.

Changxing, established in the third year of Taikang's reign (Jin wu di) (282) in the Jin Dynasty, has a long history of over 1,700 years. It has a rich resource and deep culture accumulation, and cherishes its fame as “the land of fish and rice”, “the land of silk”, “the land of culture”, and “the distinguished county in the southeast”.

The top 100 counties in China in terms of comprehensive strength

The top 100 counties in China in terms of basic economic competitive ability

The technically advanced county in China?the sanitary county in China

The top county in Zhejiang in terms of education

*Changxing County locates in the center of the Yangtze Delta, China; on the southwest bank of Taihu Lake, bordering Zhejiang, Jiangsu and Anhui.

*Changxing has great advantage in its location, around which are 52 large and medium cities including Shanghai, Hangzhou, Nanjing, Suzhou, Wuxi, Ningbo, Wuhu, etc. and 73,000 thousand inhabitants, which form a great economic zone.

Changing is the transport center of the Yangtze Delta

* Railroad: Xin-Chang Railroad (Jiangsu Xinyi--Changxing, connecting to Long-Hai line; the land and sea channel between Northeast China and the Yangtze Delta.)

Xuan-Hang Railroad (Anhui Xuancheng--Hangzhou), Hang-Niu Railroad (Hangzhou--Niutoushan)

* Road: 104 national highway (Beijing--Fuzhou), 318 national highway (Shanghai--Lasa), Hang--Ning expressway (Hangzhou to Nanjing), Shen-Su-Zhe-Wan Expressway (Shanghai to Hefei)

* Waterway: Chang-Hu-Shen (Changxing -- Huzhou -- Shanghai) waterway, with a transport capacity of 500 tons, and an annual transport amount of 2,000 tons. It has the fame of “the eastern Rhein”.

Traditional Industries

Textile

Changxing is one of the counties/cities having the largest textile production in China. It is the sarcenet base and non-textile cloth base of China. The county has established a complete product chain from fiber silk production to whole clothes production. The international light textile trading town with an acreage of over 600mu has been constructed and put to use, which attracts thousands of textile product dealers from all over the country.

Electromechanical Industry

Changxing’s electromechanical industry has many kinds of products including conveying machines, light industry machines, communication cable, electric container, magnetic component, meta resistance, battery, etc.

Building Material Industry

Changxing is the silicate cement base of China and building material base of east China. Inside the county, 27 types of mines have been found, and the total storage is 5000 million tons. Limestone, quartz, calcite, felsites, expansible soil, construction stone and other non-metal mines are holding an important position in east China area. The rich mine resources help establish the new-type building material industry in Changxing, which is based on cement, refractory material and glass.

New Industries

Automobile Component:

Changxing located in the largest automobile manufacture and consumption center of China; the advanced material flow, reasonable cost and powerful manufacture foundation have provided advantages to its development of automobile component.

“The Yangtze River Delta Automobile and Component Manufacture Base” is located in D district of Changxing Economic Development Area, with acreage of 4 square km. The whole project includes three units: special-use car manufacture (assembly), component manufacture, and automobile material flow. The base has convenient transport and advanced material flow condition, and is close to many automobile manufacturers.

Pharmaceutical and Food Industries:

Changxing’s pharmaceutical and food industries have seen rapid growth over the past several years. Now the county has over 10 manufacturers, including China Juneng Industries and South Korea Holin. .

Low cost and high return

The county is committed to perfect the government service system; stick to the tenet of “standard, lucidity, stability and high efficiency”; and provide maximum favorable policy environment of “low cost and high return” to foreign investors.

For manufacturing enterprises with foreign investment, if they have a business period of over 10 years, from the year when they begin to gain profit, the enterprise’s income tax for the first two years is exempted, and the enterprise income tax for the following three years shall be collected at 50% of the income tax rate. When export-oriented enterprises’ time limit for tax exemption/reduction expires, if their exported products are more than 70% of their production value of the year, their enterprise income tax can also be 50% of the stipulated tax rate. For the authorized hi-tech enterprises of province level that are qualified for enterprise income tax exemption/reduction, if they are still advanced technical enterprises after their tax exemption/reduction period expires, their enterprise income tax shall be 50% of the stipulated tax rate for another three years.

For the service projects with foreign investment in scientific research, education, tourism, agency service, transport, warehouse storage, commerce and trade, etc, if they belong to the new-established enterprise solely funded by foreign investment, from the year when it gains profit, the income tax is exempted in the first two years, and shall be 50% of the tax rate for the following three years. If they belong to the new-established joint ventures or cooperation enterprises with foreign investment, from the year when it gains profit, the county-owned income tax collected in the first year shall be reimbursed100%; the county-owned income tax collected in the second year and the third year shall be reimbursed 50%..

For the agricultural industry with foreign investment (including farming, forest, stock raising, fishing and their processing), with the enterprises’ applications and approval of the county government, the county-owned agriculture tax collected shall be 100% reimbursed to the enterprise in the first five years; and shall be reimbursed 50% from the sixth year to the tenth year..

For the industry projects with foreign investment of the types advocated in our county, if the manufacture technology and equipment to be imported requires the payment of duties and import value-added-tax, 50% of the duties and import value-added-tax collected shall be reimbursed to the enterprise from the county after the enterprises commence production.

For the enterprises whose foreign investors use the profits directly for reinvestment of the enterprise, increase their registered capital, or establish other enterprises with it, and the business period is no less than 5 years, the enterprise income tax they have paid shall be reimbursed at 40% according to the state’s rules with approval of the tax department. In addition, for the profit used for reinvestment, 30% of county-owned income tax shall be reimbursed to the enterprise. For the advanced technical “second-type enterprises” that directly reinvest and proceed product export, they can apply to the tax department, and with their approval, the enterprise income tax collected can be totally reimbursed.

Since 2004, for the projects of the advocated types newly established in the development area of the county (including reinvestment projects), if they have a business period of over ten years, since the day it puts to production, the value-added-tax it pays shall be totally reimbursed by the finance department of the county within a certain time limit; if the actual gained foreign currency is between 3 million USD to 5 million USD, they shall be reimbursed for one year; if the actual gained foreign currency is over 5 million USD, they shall be reimbursed for two years.

For the industry projects that the Chinese party uses real estate and land use right to establish joint venture with foreign investors, if they conform to city planning, the real estate certificate tax collected when they proceed owner change procedures shall be reimbursed to the enterprise at 100%.