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| Investment Environment in Hangzhou
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Hangzhou enjoys favorable investment environment. Located on the southern wing of Yangzi Delta, it is the important transportation hub in the southeast China, with an integrated network of railways, highways, and navigation lines. Hangzhou has a first class airport, with daily direct line to and from Hong Kong, has opened Hangzhou-Singapore passenger airline, and Hangzhou-Japan cargo airline. The construction of new Hangzhou Xiaoshan International Airport has been completed by the end of 2000 year. Hangzhou-Ningbo Expressway and Hangzhou-Shanghai Expressway have opened to traffic. Beijing-Hangzhou Grand Canal has been connected with Qiantang River. The V-shape area of Hangzhou with Shanghai-Hangzhou railway and expressways on each side is the most developed area and an intensified industrial area. It is also a developing area for the new high-tech industry as well as the area for the development of opening-up type economy of Zhejiang province in the middle and long-term period to come.
The service functions of infrastructure facilities in Hangzhou are comparatively completed and perfect. The environment is perfecting day by day. The traffic in the city is easy and convenient, per capita road area is 6.57 square meter; the daily water supply capacity is 1.10 million tons; gas using percentage is 88%; the total volume for the electrical appliance installation is 2.2675 million kilowatt; which can basically meet the demand and requirement of the economic development and people's life. The city environment has been further improved. The green land area increases to 55.26 million square meters, with 5.63 square meter per capita. Hangzhou city has been awarded the titles by the State as the State Garden City; national advanced city in forestation; one of the ten best cities in terms of comprehensive environment renovation; and the State Sanitation City. The communication facilities of Hangzhou lead in whole China. The total volume of city telephone exchanges has reached 1.3677 million lines, the phone coverage rate is 44.4 lines/100 people; the mobile communications and data communications network is comparatively perfect with FSM net, DDN net, INTERNET, and fax storage and transmit net, EDI electronics data exchange net available.
In order to encourage foreign investment in Hangzhou, Hangzhou municipality has established a series of preferential policies and service measures while at the same time making more efforts to strengthen the infrastructure renovation. Foreign investment are encouraged to invest in the trade of farming, forestry, animal husbandry, side-line production and fishery, energy, traffic road construction, municipal public facilities, tourism, and information and consultation, financial institutions, transportation and service industries, etc. Foreign investment are encouraged to take part in the industrial restructuring, to graft and transform outmoded enterprises; to take part in remolding the old city constructions; to invest in the developing zones. In regard to the supporting services, Hangzhou municipality has established and bettered the intermediary organizations to deal with the foreign investment policy consultation, appraisal and management complaints, to offer timely help to the foreign-invested enterprises to solve practical problems. As to the application procedures, as long as the documents are complete and meet the requirements of the policies and regulations, the approval departments must finish the approval procedures within the limited workdays.
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