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Xinglin Taiwanese Investment Zone

Xinglin is situated on the northwest of coast of Xiamen Island. It occupies an area of 234.2 square km and has a population of around 200,000. The district is about 18 km from downtown Xiamen and 8 km from Gaoqi International Airport. Xinglin enjoys a sub-tropical maritime monsoon climate. Pleasant weather, plentiful rainfall, evergreen landscape, fertile land and broad beaches all contribute to rich agricultural and aqautic products like vegetables, banana, longan, peanuts, shrimp, eel, and soft-shelled turtle. Xinglin is the place of origin for Xiamen's modern industry, and has relatively grown base for modern industries like textile industry, chemical industry, building materials, and smelting. Since its approval by the State Council as the "Xinglin Taiwan Businessmen Investment Zone" in 1989, Xinglin has become a hot spot favored by foreign investors. By the end of 1998, Xinglin District had approved the establishment of more than 275 Taiwanese funded projects with a total investment value of USD 1.624 billion and 179 of them had been put into operation. The industrial output value of Xinglin from enterprises in the three forms of sino-joint venture, cooperative business and exclusively foreign-owned enterprises accounted for 19.27% total that of Xiamen. Through ten years of development, historic changes have occurred in Xinglin. National economy grows at a fast and coordinated pace. All social undertakings are coming through a prosperous period. Xinglin has grown from an industial market town into an industrial export-oriented Taiwan Business Investment Zone full of vigor. Xiamen city selects the western seaside area as a breakthrough in its overall sketch as a metropolis. Impelled by this strategy, Xinglin is to be constructed as an economically developed modern international coastal city area where social functions are perfect, all businesses are flourishing, and people are affluent. Xinglin District has excellent transportation facilities. Xiamen Gaoqi International Airport is just 8 km away. Xinglin is also an important passageway for Yingtan-Xiamen trunk line and Xiamen-Zhangzhou and Xiamen-Quanzhou express highways. Two national highways 324 and 319 pass through Xinglin District. Xinglin investment zone faces sea in three sides, which makes it an important part of Xiamen harbour which is selected as one of the experimental ports for through shipping between Taiwan and the mainland. Haican Bridge and Xingyang Bridge connect Xinglin with Haican Investment Zone and Xiamen Island whose functions benefits Xinglin in all aspects. The crisscross highways of grade 1 and 2 and the round-the-city highway link all industrial areas, towns and villages together. To establish a better investment environment, the district administration works hard to provide consummate infrastructures like power supply, water supply, telecommunication and sewage treatment and necessary living facilities like schools, hospitals and places for recreation, and etc. For the convenience of investors, some financial institutions, customs and commodity inspection bureaus have established their branches and agencies in Xinglin. A simple but efficient process is carried out for handling affairs in the district. All items that need to be examined and approved can be jointly done. The district puts into operation the system of "unitary charges at one window". Charges for handling affairs were exempted or cut down at the most possible limitations. Besides the country's and Xiamen's related preferential policies, Taiwan and foreign enterprises in Xinglin can also enjoy more preferential policies of Xinglin as follows: 1. Invested projects that conform to one of the following terms can have a 20% off land cost with approval from the district administration: (1) with an investment over 3 million US dollors; (2) with advanced technology and good industry relevance; (3) funds for self-use land paid in two months since the date of contract. 2. Investment in industry items can be exempt from comprehensive accessary charges of land for 3 years. 3. Preferential treatments on land cost and management charges are provided to foreign investment in market exploitation and construction, real estate, travel industry and other tertiary industries. 4. Foreign enterprises in the district can have a 20% off on land applied with added funds. Especially Recommended Projects of Investment 1. Middle Aisa Industry City Covering an area of 2 million sq. metres, Middle Aisa Industry City is solely invested and developed by Asia World (HK) Develop Co., Ltd. This is a comprehensive investment area that have collected the functions of high technology industries, commerce, finance, office, residence, recreation, and etc. About 70% of the project land will be developed as high-tech industry areas and the rest for commercial centre, office buildings, residential houses, schools, hospital, posts and telecommunications and other necessary functions. When the project is finished, Middle Aisa Industry City will become a newly developed modern area of Xinglin with rational program and construction in good order. Up to now, the project has finished the work of roads construction, power supply, drainage systems, telecommunications and land levelling. The company has designated an area of 700,000 sq. metres for investment under the entrustment of the district administration. 2. Xinglin Coastal Residential Quarter and South Xinglin Residential Quarter The two residential quarters are located seperately in east seaside of Xinglin District and the manufacturing zone in the south. As important seaview spots, the two locations are very ideal places for residence. Xinglin Coastal Residential Quarter occuping an area of 127 hectares and 23.5 hectares of the land will be used for building villas. South Xinglin Residential Quarter covers an area of 18 hectares and is consisted of 4 parts. 3. National Agricultural Comprehensive Development Region of Xinglin Approved by the state in 1999, the project covers nearly 60,000 mu cultivated land in the three towns of Dongfu, Haicang and Xinglin. In the light of overall investment for agricultural exploitation, land regulation, diversified economy and setting up top items, by constructing basic agricultural facilities and transforming land of low produce, the project aims to construct a vegetable base of high-yield and high quality and a famous fruit trees base of fine quality on hilly regions. Trackback(0) TrackBack URI for this entry Comments (0) Subscribe to this comment's feed Show/Hide comments Write comment Show/Hide comment form Name Email Website Title Comment Write the displayed characters Add Comment Copyright 2007. All Rights Reserved.

 

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