Yuyao has advantageous geographical position and convenient traffic. Hang-Yong Railway,329 State highway,Hu-Hang-Yong expressway pass through the city.One of the domestic four deepest ports---Ningbo Beilun Port is only 70 km from Yuyao.Once the constructing Hangzhou Bay Grand Bridge finished,the direct distance between Shanghai is only 130 km.The unique geographical location and convenient traffic made Yuyao an ideal place for economic development and cultural tourism.It is welcomed by foreign investors and has become one of the largest Taiwanese investment regions in the country.

Yuyao¡¯s telecommunications facilities are very advanced.So far,it has 300,000 lines of program-controlled telephones,and over 300,000 mobile phones.Yuyao is also rich in water and power resources.Its annual power supply has reached 1.5 billion KWh and the annual water supply is over 58 million tons.In recent years,Yuyao has been conducting a large-scale infrastructure construction in line with a modernized urban setup.Urban facilities of culture,education,commerce,catering,entertainment and hotels have been greatly improved.Investors are also expected to enjoy a clean and beautiful environment.

Yuyao has primary formed a new-type economic frame,that is:based on agriculture,industry as its pillar industry and regard opening-up economy as the precursor of the Yuyao's economy.In the year of 2003,the gross domestic product(GDP) of the city amounted to RMB7.1 billion.The city has formed an industrial development frame supported by the three largest traditional characteristic industries including electronics and electrical appliances,machinery and instrument,plastics and mould together with the potential advantages of three new industries including the mechanical & electrical integration,new material and fine chemical.Moreover,the three large bases including the small electrical appliance production base,mould manufacturing & processing base and metallic production base dominated by electrical tools,tools & measuring tools and stainless steel products are also get into shape.

Yuyao began to carry out opening-up policy relative earlier,thus the export-oriented economy develops quickly.Recently,the government paid high attention on administrative structure and level of export-oriented economy,created Yuyao Economic Development Zone and East China Economic Development Zone.Zhejiang Far East Industrial Park founded by Taiwanese investment with total area of 3.84 square km is the largest park block exploited by Taiwan merchants.At present,plenty of companies from countries or regions as Taiwan,Japan,Singapore,Australia,Malaysia,etc have registered their companies and put into operation in the park one after another.Meantime,our 17 towns also built their characteristic township industrial parks.

Being a coastal opening-up city,Yuyao enjoys a series of preferential policies entrusted to the coastal cities opening to the outside world. Meantime,it is also a second class city approved by the state,enjoys regional economic administration,entitled to approve overseas investment project with yearly investment fund under USD30 million as well as independent import and export right,signing agreements on foreign labor export and overseas contract project.It set up a number of administrations such as custom,commodity inspection,supervision,service and management organs and the newly-built administrative examination and approval center,which aims to implement "one stop" service,and endeavors to provide investors an investment,management and distribution environment in corresponding to the international practice.

Yuyao is strictly building up a better investment environment so as to sincerely offer high quality and all-round service for investors.