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Brief Introduction
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Qinhuangdao Economic & Technological Development Zone (QETDZ) is Located 281 km east of the capital Beijing and 245 km north of Tianjin Municipality. QETDZ is a communication fortress comprised of two big economic zones of Northeast China and North China, with an excellent geographic location.
Qinhuangdao is an important port city for energy export in China and a base of building materials industry. At the same time, it is a popular tourist spot in China. Also, a site of the office for the central government during the summer, thus called the Summer Capital. The city receives as many as 6 million tourists every year. Beidaihe, a well-known summer resort and Shanhaiguan, famous historic town located east of the Great Wall are both under the jurisdiction of Qinhuangdao City.
In 1984 Qinhuangdao became one of the first 14 coastal cities in China to open to the outside world. In 1992 it was said to be one of the 40 cities with a superior environment for investment. In 1998 Qinhuangdao became one of the first excellent tourist cities in China.
Qinhuangdao Economic & Technological Development Zone (QETDZ) was established in October of 1984 with the approval of the State Council of China, has now the planned area of 10 square km. By the end of 2000, the number of accumulative approved projects of all kinds had reached 1885, 415 of which had investment from abroad with the total capital of US $ 2.37 billion, 1470 of which had investment from home with the total capital of US $ 3.2 billion. At present, businessmen from as many as 26 countries and regions including United States, Germany, Japan, Australia, Korea, Singapore, HongKong, Macao and Taiwan have invested in the QETDZ. It was initially formed the industrial system of metallurgy, machinery, electronics, light textile, refined chemical industry, building materials and garments as major categories and is developing towards the service industry such as real estate and bonding business. Some transnational companies such as LG International Group, Korea, Hyundai Corp, Chia Tai International Co., Ltd., Thailand, Mannesmann Corp, Germany and Bundy International Group, Australia, Fujitsu Corp, Japan, Itochu Corp, Japan and various other companies have invested in the QETDZ separately. The economy of QETDZ has a tendency to increase strongly in the last three years. The QETDZ has become a new economic growth point in Qinhuangdao.
In the last ten years, the investment environment has improved tremendously. Approximately 660 million yuan was expended on the construction of infrastructures and approximately 5 square kilometers of land. The developed area is provided with conditions to build industrial projects. Complete facilities of road, power supply, telecommunication, water supply, pollution disposal and heat supply are constructed. The various rights and preferential treatments for the investors in QETDZ are guaranteed. The Administrative Committee of the QETDZ initiates and pursues the concept the "Investor Is A King" and provides an efficient and convenient management environment for enterprises.
The good environment of QETDZ and its special location in the Bohai Economic Circle are drawing attention from people around the world. The extension of the Port of Qinhuangdao will provide better conditions for Qinhuangdao. This will assist in acquiring the position of a second bridge tower on the eastern shore of the Asia-Europe continental bridge. The Economic Circle in the 21 century will be one of the most active regions in China's economy. Faced with this historic opportunity of realizing the goal of the second pioneer, the staff of QETDZ will construct, to the best of their ability, a modern and international working environment for investors as well as establish strong working relationships with industrial entrepreneurs at home and abroad.
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