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last update:2002 |
View of the Park
Introduction Jurassic Industrial Park was established in 1997 as a base for the transfer of up-to-date biotechnology from the United States and Europe to the People's Republic of China. The technologies will form the basis for the bulk production of pharmaceuticals, health food products, as well as products from fermentation processes which are currently unavailable in China. The manufactured goods can be exported at a discount price due to a tax-exempted policy negotiated between the park and the local government; or they can gain access to the China market through the channels provided by the distributing arms of the Industrial Park. Jurassic Industrial Park consists of 312 acres of orchard land, within which 80 acres are currently used as fishing ponds. The land is owned by Jurassic Enterprises Ltd, a Hong Kong based corporation, and has been approved for industrial and residential usage. The entire investment, including the purchase of land, is foreign owned and therefore will not subject to complex Chinese-foreign joint venture-ship policies. The Park provides an umbrella exemption to all ventures investing in the premises in terms of local and federal taxation, including reduction in import and export tariffs for equipments and raw materials, as well as finished products. We welcome U.S. and European based companies to form joint venture with Jurassic Enterprises Ltd. of Hong Kong to set up manufacturing facilities within the Park. Each venture is financially independent so that the fiscal control is simple and clear for each entity. Jurassic Industrial Park will offer basic infrastructure which includes electricity supply, telecommunication linkage, water supply, drainage, and private security system. |
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