Fengjing Town enjoys an advantageous geographical location, strong regional influnence and convenient transportation, as it just takes 40 minutes to reach the urban center of Shanghai , only 35 minutes to the Hongqiao Airport , and 50 minutes to the Pudong international Airport.
As an industrial-strong town, Fengjing is set among a constellation of over 30,000 garment enterprises in and around Shanghai in neighboring Jiangsu and Zhejiang provinces. These enterprises come to form one of the most influential garment production base in China. As a consequence, there are altogether several hundred clothing machinery enterprises in Fengjing and within its close vicinity, which represent a powerful industrial flagship and offer broad business opportunities to upstream and downstream enterprises. To cater to this historic opportunity, Fengjing government, under municpal authorization, has established Fengjing Industrial Zone with three areas of A,B and C, covering four major industries of automobile and spare parts manufacturing, general power, textile and apparel and garment machinery as well as brewage of rice wine. Therefore, the zone holds broad market prospects and huge development potentials.
Area A (Shanghai Textile Industry Area) is the largest textile industrial zone in Southeast China with a planned area of 8.62 square kilometers. It is jointly developed and established by China National Textile and Apparel Council, Shanghai Textile Holding (Group) Corporation and the government of Jinshan , Shanghai . At present, two leading textile & apparel and general power chains reside there. They are Shanghai Shen An Textile Co., Ltd. and Shanghai Teyi General Power Machinery Co., Ltd.
The plannned area of Area B covers 11 square kilometers, and at present, two leading industrial chains of automobile manufacturing and rice wine brewing led by Shanghai Huapu Automobile Manufacture Co., Ltd. and Shanghai Jinfeng Wine Corporation reside in the area.
The plannned area of Area C ( Shanghai International Garment Machinery Center ) covers 3.97 square kilometers. Due to the unique geographical location and the abundant industrial foundation Fengjing town enjoys in the “One City and Nine Towns” project, in September, 2002, the Government of Shanghai , after investigation, study as well as repeated approvals, gave a final go-ahead to the Shanghai International Garment Machinery Center, which is a state-level, internationally-oriented and multi-function facility. At present, a garment machinery industry has formed, led by Shanghai Jia Tian Manufacturing Co., Ltd., Shanghai Xinfeng Clothing Machinery Manufacturing Co., Ltd. and Shanghai Guiyi SewQ Sewing Machines Co., Ltd.
The overall plan of Shanghai Fengjing Industrial Zone
The planned area is 23.06 square kilometers, with three industrial parks of Areas A, B and C.
(1) Preferential policies for foreign investment enterprises
The productive foreign investment enterprises can enjoy incentive favorable treatments in tax reduction and exemption, as follows.
In the case of operational period of ten years or more, commencing with the first profit-making year, enterprise income tax can be exempt from the 1 st year to the 2 nd year, and the enterprise may be subject to enterprise income tax at a rate reduced by one half for the 3 rd year through 5 th year.
In the case of export-oriented production enterprises invested in and operated by foreign investors, after the expiration of the periods of enterprise income tax reductions and exemptions in accordance with the provisions under the Tax Law, if the output value of the export product in the year is up to 70% of output value of enterprise products in the same year, then the enterprise income tax can be levied at a rate reduced by one half according to the tax rate stipulated in the Tax Law.
In the case of advanced technology enterprises invested in and operated by foreign businesses, if the enterprise remains an advanced technology enterprise after the expiration of the periods of enterprise income tax reductions and exemptions in accordance with the provisions under the Tax Law, then the enterprise may continue to pay for an additional three years enterprise income tax at the tax rate specified in the Tax Law reduced by one half.
& (2) Preferential policies for investment enterprises
Any investment business conform to the admittance conditions will be given financial supports and rewards as per the size of investment project, technological content of products and contributions to local finance and tax revenue.
First-class services will be provided for all businesses in the Industrial Zone. The one-stop investment service offered by the zone authorities cover 18 items including application for an enterprise name, project approval, application for business license, tax registration and so on.
All infrastructures of ‘seven accesses' to power supply, water supply, drainage, telecommunications, FTTB connection, cable TV connection , completed road and leveling site have been completed in the Industrial Zone.