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Investment

16 Foreign Investment Items in Wuxi

Investment Ruling

Manufacturing

Machinery-- CNC and servo systems for machine tools, special water pumps,medium and up-scale passenger limos, gas turbine blades, fuel injection pumps, pneumatic components, electronic capacitors, flameproof cables, high, -efficient omnidirectional measuring tools, digital measuring tools, diesel engines and accessories and components for automobiles.

Electronics -- computers, monitors and peripherals, telecommunication equipment, 900 MHz mobile telecommunication equipment, BS, industrial electronic equipment, frequency modulators, updated audio and video products, automobile electronics, medicare electronic chips, LCD, sensors, piezoelectric ceramic components and electric semi-conductors.

Light Industry--innovative and energy-saving household appliances, deluxe bicycles and components, engineering plastics and products, new-style packaging, deluxe door locks and bathroom facilities.

Textiles--fashions, deluxe imitation silk products, special finishing technology for textiles, polyester tire cord and industrial and decorative fabrics.

Chemical Industry--petrochemicals, organic chemical raw materials and updated rubber products.

Metallurgy--special steel, special ferrous alloy, gabanized steel plate and rare-earth alloy.

Projects for Infrastructure Upgrading

Local railway, Wuxi-Jiangyin Expressway, Wuxi--Zhangjiagang Highway, Yixing Dubian Highway, renovation of 104 highway(Yixing-Dingshan section) and Wuxi Airport, regional water supply program for southern Jiangsu, reconstruction of Wuxi City Tap Water plant; city gas supply expansion; construction of Lumiantan Power Station and downtown parking lots.

Agricultural projects

General start--up of Yangxi Agricultural Development Zone in Yixing and Xishan City Agricultural Model Zone.

Tourist Projects

Scenic development in Wuxi Lake Taihu National Tourist Resort Zone; integrated development of Dafu Cinematic and Video Complex and construction of apartment quarters.

Applying for the Business Licence

Step ¢ñ Letter of Intent

Foreign investors may choose appropriate partners through various paths. An investment intent will then be formulated through talks and a letter of intent signed.

Step ¢ò Project Proposal

The Chinese partner may then proceed to drafting a project proposal, which, together with its exhibits, should be sent to its governing industrial bureau, which will be submitted to Wuxi Administration of Foreign Investment (WAFI).

Step ¢ó Feasibility Study Report, Agreement and Articles of Association

After the proposal is approved, investors can proceed to detailed discussion of the feasibility study report and jointly draft the report and sign the JV agreement and articles of association, which will be sent to WAFI via the governing bureau of the local partner. WAFI will issue an official reply within seven working days.

Step ¢ô Certificate of Approval

Upon receiving the endorsement of the above documents, the enterprise concerned may apply for the Certificate of Approval to WFERTC by presenting the covering papers.

Step ¢õ Business License

Investors then go to the Industrial and Commercial Administration for registration and issuance of the business license by presenting the Certificate of Approval.
The date of the issue of the business license is the official opening date of equity joint ventures, cooperative ventures or wholly-foreign owned ventures.

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