¡¡¡¡Heavy investment in infrastructure, such as highways, communications, water supply and energy facilities,  over the past decade has significantly improved the overall investment environment in Yuyao.

¡¡¡¡Opening to the outside world is a basic policy of China. As a part of Ningbo, an important coastal port city, Yuyao enjoys a series of preferential policies granted by the central government to open coastal cities. As a key county of Zhejiang Province, it enjoys the status of a prefecture in economic administration, in particular the power of approval over foreign-invested projects with total investment of less than US 20 million .the autonomy of conducting import and export, the power of signing contracts for overseas labor services and for contracting overseas projects. Apart from these preferences, Yuyao has especially worked out several preferential policies for foreign-invested enterprises. All these have combined to provide a sound policy environment for Yuyao to expand it's opening drive to the outside world.

¡¡¡¡In order to legalize opening-up to and economic and technological exchanges with the outside world, and to practically safeguard the interests of companies from home and abroad, the central government has formulated and promulgated the Law of the People's Republic of China on Sino-Foreign joint ventures, the law of the People's Republic of China on Sino-Foreign Co-operative Enterprises, the Law of the People's Republic of China on Foreign-Invested Enterprises, the Law of the People's Republic of China on Foreign Trade as well as a number of other laws and regulations applicable to both domestic-invested foreign-invested enterprises. Besides, in light of the practical needs of opening up, based on relevant state laws. Ningbo, as a relatively large city, has also worked out a series of provincial-level regulations, such as Rules of the Ningbo People's Government, on the Basic Procedures in Establishing Foreign-Invested Enterprises, the Complaining Methods for Foreign-Invested Enterprises in Ningbo and Ningbo City Regulations to Safeguarding Taiwan Compatriots' Investment, etc. In order to create a sound investment environment, and to practically safeguard the legal rights and interests and interests of Foreign-Invested Enterprises, the city recently formulated Resolutions of Ningbo People's Government on Further Improvement of the Soft Environment for Foreign Investment. It will be safe to say that there are laws governing every aspect and every link of Yuyao's economic exchanges with foreign partners.

¡¡¡¡With the principle of efficiency and convenience in foreign exchanges in mind, we have established and normalized some institutions for managing, supervising, servicing, and operating activities involving foreign countries or nationals. As the functional management department of the people's government of the city, Yuyao Commission of Foreign Trade and Economic Co-operation is in charge of the management and co-ordination of the city's foreign trade and economic co-operation, as well as the projection and approval of foreign-invested enterprises, the power of approval being within US20 million dollars. Yuyao's Import and Export Products Inspection Bureau and Ningbo Customs House Yuyao office provide convenient service for enterprises in import and export business. Yuyao City's Foreign Merchants' Complaint Coordination Center specifically accepts foreign companies' complaints and safeguards their rights and interests in accordance with law. Yuyao city's Foreign Investment Center and Foreign Investment Service Center provide all sorts of consulting service for overseas investors, recommend joint venture projects or co-operative projects, provide services from the projection and approval of investment projects to the registration of enterprises. Financial Institutions like the Bank of China, the Industrial & Commercial Bank of China, the Agricultural Bank of China, the Construction Bank of China, the Bank of Communications, the Pudong Development Bank and the Credit Corporation and other institutions involving foreign affairs all provide investors with satisfactory services in accordance with their respective duties.

¡¡¡¡In accordance with the state's industrial policy of encouraging and supporting the development of foreign -invested projects, laying emphasis on manufacturing-oriented projects. Yuyao has consistently centered on the promotion of the economic efficiency of enterprises and the expansion of exports and foreign exchange income in attracting overseas investment. It encourages overseas investors in export production or import-substitution projects with advanced technologies, and in infrastructure construction projects, to start up wholly-owned project, veteran-enterprise-upgrading projects and agricultural and sideline products' in-depth processing projects.

¡¡¡¡Projects inviting foreign investment in the near future include viscose filament yarn, nylon fishnet pieces, sorbed acid, foodstuff additives, underground polyphone pipelines for fuel gases, electrolytic copper, manufacturing of precision plastics moulds, plastics machinery, light industry machinery, crystal material, motor-driven electronic plastic toys, electrically -operated tools, instruments and meters; cultural products, automobile spare parts, high-grade electronic products, miniature bearings, CFA alloy copper belt, in-depth processing of agricultural and sideline products like mustard tuber, bamboo shoots, and asparagus, the breeding of rate flowers and plant ,and planting of fruit trees.

¡¡¡¡Opening to the outside world is a fixed objective of the Chinese Government. The significant growth Yuyao has achieved over the past decade are attributable to the reform and opening policy, to the economic co-operation and exchange with various parts of the world. We shall abide by the reform and opening policy as we always have, adopt a more opening policy to greatly promote the co-operation and exchanges with various parts of the world.

¡¡¡¡Yuyao has opened wide its gate for economic construction. It invites business people from home and abroad to invest in enterprises in Yuyao in various forms, so as to promote the economic development of all sides.