Business Opportunity Of Service Industry

After China joined WTO, the business opportunity for service industry has become very apparent.

According to the latest statistics in Beijing, the lease and commercial service have become the most attractive investment area for foreign investors. In January, the total investment amount of the contracts in lease and commercial service has been USD 190MM.

Current service industry has involved research and development in prophase, design and financing in metaphase and information feedback in anaphase of manufacturing industries.

All Cities In China Are Open To The Foreign Invested Tourist Agents

According to the new rules < Regulations on Establishment of Foreign Invested Tourist Agent>, the government has loosen the restriction on foreign investment in tourist agents in China.

Ningbo's Ambition For Advanced Manufacturing Base

Ningbo municipal committee of CPC has put forward its plan to build the important manufacturing base in East China through the following three strategies: establishment of three big industrial belts (bay belt, coastal belt, and along-road belt) for Ningbo's manufacturing; enlargement of port-bordering heavy industry, optimization of hi-tech industry, and strengthening of three big industrial belts (for example, traditional competitive industries); construction of the eight big manufacturing bases with high standards, and promotion of industrial scale-up, level-elevation, concentration, and internationalization.

1. Establishment of three big industrial belts

Coastal port-bordering industrial belt: development of this industrial belt is mainly focused on port-bordering industry and modern logistics industry. Total area in the layout is 325.1 km2 with 71 km2 to be developed in five years. 16.5 billion yuan will be invested for infrastructure and 220 billion yuan of output should be achieved in 2007.

Bay industrial belt: the industries of household electric appliances, machinery (bearing, and mold & die), plastic products, light textiles, and etc. will be highlighted. Total area in the layout is 249 km2 with 38 km2 to be developed in five years. 6.2 billion yuan will be invested for infrastructure and 58 billion yuan of gross industrial output should be achieved in 2007.

Along-road industrial belt: Hi-tech industries of IT, new materials, optical, mechanical and electronic integration, and etc. will be emphasized as well as the competitive industries of textile & apparel, household electric appliances, machinery, and etc. Total area in the layout is 325 km2 with 75 km2 to be developed in five years. 14 billion yuan will be invested for infrastructure and 130 billion yuan of gross industrial output should be achieved in 2007.

2. Industrial emphases
(1) Port-bordering heavy industrial group. This group, mainly targeted at petrochemical industry, papermaking industry, energy & power industry, auto industry, shipbuilding industry, and etc. will be so enlarged that in 2007 the added value achieved from port-bordering industrial group should account for about 30% of that from all industries in Ningbo.

(2)Competitive traditional industrial group. The competitive traditional industries that are mainly about machinery manufacturing, textiles & apparel, light industry, household electric appliances, and etc. will be strengthened. The following products in competitive industries will be fostered and developed: western-style clothes and shirts; knitgoods; household textiles; manufacturing of equipment for power transmission, transformation, and control; universal machinery such as moulding machines, pumps, valves, and etc.; traffic equipment such as tractors, and etc.; mechanical elements such as bearing, metallic sintered products, mold & die, and etc.; instruments and meters such as water meters, optical instruments, automation meters, and etc; household electric appliances, batteries, stationery, water-warming materials; electrical light sources, copper processing, and etc.

(3)High and new technology industrial group. The high and new technology industries that mainly refer to electronic information, new materials, and biological medicines will be optimized. The main industries and products that will be fostered and developed are communication and network products such as mobile phones; optical communication products such as special optical cables; electronic components such as new integrated circuits, semi-conductors; electronic materials such as neodymium, ferrum, boron; nanotechnologies and nano-materials, as well as super-fine products, and etc.