In the next three
years, the Chongqing aviation industry will see massive growth through the
development of an Aviation Economic Demonstration Zone. The zone will house an
aviation economic ecosystem that consists of aircraft manufacturing, aircraft
supporting industries, logistics and various intelligent manufacturing
industries. The Aviation Economic Demonstration Zone is expected to
achieve a breakthrough in output exceeding RMB100 billion.
The aviation sector
growth is further facilitated by the Belt and Road Initiatives, Liangjiang New
Area Development Plan, Yangtze River Economic Belt, and the China-Singapore
(Chongqing) Demonstration Initiatives on Strategic Connectivity (CCI), the
third government-to-government project between Singapore and China.
Chongqing Yubei District, the Economic Hub of
Yangtze River
The planned Aviation Economic Demonstration Zone is located in the Yubei District of Liangjiang New Area, Chongqing. Liangjiang New Area is the first national level development area in inland China, and the third nationwide after Shanghai Pudong New Area and Tianjin Binhai New Area. It is a green, low carbon and intelligent ecological city.
The planned Aviation Economic Demonstration Zone is located in the Yubei District of Liangjiang New Area, Chongqing. Liangjiang New Area is the first national level development area in inland China, and the third nationwide after Shanghai Pudong New Area and Tianjin Binhai New Area. It is a green, low carbon and intelligent ecological city.
Chongqing is the
only municipality in western China. Its location in the Yangtze River economic
belt is intersectional with the transcontinental sea and land routes of the
Belt and Road Initiative. This geographical advantage has made Chongqing a
major hub in Eurasian logistics and connectivity, and a key ‘Belt’ point in one
of the Belt and Road Initiative routes.
Multi-Dimensional Transport Hub
The multi-dimensional transport hub in Yubei District consists of air, rail, sea, and road connecting inland China with the world through Belt and Road routes.
The multi-dimensional transport hub in Yubei District consists of air, rail, sea, and road connecting inland China with the world through Belt and Road routes.
From the Free Trade
Zone, Chongqing-Xinjiang-Europe (Yuxinou) International Railway is an 11,179-km
rail route stretching from Chongqing to Duisburg, Germany. In 2016, there were
420 journeys made between China and Europe. Cargoes from Europe can be
transported through Yuxinou to Chongqing, and send by airfreight to other Asia
destinations that take about four hours such as Bangkok, Kuala Lumpur, Hong
Kong and Osaka. This four-hour aviation economic circle with Chongqing as the
transshipment center significantly reduce freight cost and time in the Europe
Asia freight routes.
The road network in
Chongqing is connected to Southeast Asia through a highway that connects to the
port city of Qinzhou in southern Guangxi.
Chongqing Airport Industrial Park
The Airport Industrial Park was approved and established by the Chongqing municipal government in January 2002 as a municipal-level development park with an area of 54km2. By 2020, Chongqing will establish an Aviation Economic Demonstration Zone. Development is based on the principle of ‘One Park, One Town, One Base’.
The Airport Industrial Park was approved and established by the Chongqing municipal government in January 2002 as a municipal-level development park with an area of 54km2. By 2020, Chongqing will establish an Aviation Economic Demonstration Zone. Development is based on the principle of ‘One Park, One Town, One Base’.
One Park: A 2.2 km2
aviation industry park. Enterprises in the park will be oriented towards
automotive manufacturing, aircraft manufacturing, aircraft repair and
maintenance, aviation technology research and development, robotics, consumer
electronics and international logistics distribution centers. The park aims to
be the base of the aviation manufacturing industry.
One Town: Aviation
town, a 2.9km2 hi-tech modern living city to cater to the aviation industry.
Other facilities include international school, hospital, international aviation
community amenities.
One Base:
Transformation and upgrading demonstration base.
Business Advantages
The Airport Industrial Park is 1km from Chongqing Jiangbei International Airport. From 2016, Chongqing had the highest route growth in international flights in China. As at 2017, Chongqing Jiangbei Airport is the largest airport in inland China with more than 725,000km2of terminal floor space. It ranks among the world’s 15 largest airports with an annual passenger capacity of 60 million and an annual cargo capacity of 2 million tons.
The Airport Industrial Park is 1km from Chongqing Jiangbei International Airport. From 2016, Chongqing had the highest route growth in international flights in China. As at 2017, Chongqing Jiangbei Airport is the largest airport in inland China with more than 725,000km2of terminal floor space. It ranks among the world’s 15 largest airports with an annual passenger capacity of 60 million and an annual cargo capacity of 2 million tons.
The park has a
comprehensive infrastructure supporting system that includes water, power and
energy supply at competitive rates. The business district has designated
commercial and residential facilities that include hotels, banks, supermarkets,
schools and other modern-day conveniences.
Current industries
in the park include automotive, electronic equipment, intelligent terminal,
e-commerce and modern logistics. As a designated national technology innovation
base, the Airport Industrial Park has various support schemes for research and
development of intelligent manufacturing.
Chongqing has 60
colleges and universities, 356 vocational and technical schools, 258 research
institutes. Within the park, there is a technical college with nearly 20,000
students. The average salary for management staff is RMB 5000 per month,
skilled workers RMB 4000 per month, and general workers RMB 2000-3000 per
month.
Enterprises enjoy
preferential policies from the Liang Jiang New Area industrial development
zone, Western opening up policy and 3 Gorges Reservoir Area development plan.
To encourage direct investments from designated key enterprises, the park has
implemented the “one enterprise, one policy” to provide customized support for
ease of doing business.
Strong Wave of Positive Growth for Chongqing
Aviation Industry
In the region, a growing middle class in China and Asia has prompted the competition for airport hubs. An estimated USD125 billion is currently underway for building new airport hubs in Asia. In Beijing, a new USD12.9 billion airport and one of the world’s biggest aviation hubs is due to open in 2019. The growing competition will redraw passenger travel flow and change the dynamics of airfreight.
In the region, a growing middle class in China and Asia has prompted the competition for airport hubs. An estimated USD125 billion is currently underway for building new airport hubs in Asia. In Beijing, a new USD12.9 billion airport and one of the world’s biggest aviation hubs is due to open in 2019. The growing competition will redraw passenger travel flow and change the dynamics of airfreight.
Chongqing aviation
hub, being the key inland hub in China is set for promising growth as a
transshipment center that benefits from increasing local consumption and Asia
regional demand. By 2020, China’s domestic consumption is estimated to be
USD2.3 trillion, which is roughly 1.3 times of Germany or UK.
To facilitate
people who want to invest and set up business in Chongqing Airport Industrial
Park , here is an introduction of Types of business presence in China:
Before starting up a business in China,
you have to know what are the options. Foreign Investors generally establish a
business presence in China in one of five modes: Wholly Foreign Owned Enterprise
(WFOE); Representative Office; Foreign Invested Partnership
Enterprises (FIPE); Joint Venture and Hong Kong Holding Company.
Wholly Foreign Owned
Enterprise (WFOE) is a Limited liability company wholly owned
by the foreign investor. WFOE requires no registered capital and it's liability
of equity , can generate income, pay tax in China and it's profit could be
repatriate back to investor's home country. Any enterprise in China which is
100 percent owned by a foreign company or companies can be called as WFOE.
Representative Office (RO) is a
Liaison Office of it's parent company. It requires no
registered capital. It's activities would be: product or service promotion,
market research of it's parent company's business, Quality Control liaison
office etc in China. RO generally is prohibited to generate any revenue nor
generating contracts with local businesses in China.
Joint Venture (JV) is a Limited
liability company formed between Chinese investor and Foreign investor. The
parties agree to create a entity by both contributing equity, and they then
share in the revenues, expenses, and control of the enterprise. JV usually been
used by foreign investor to engage the so called restricted in areas such like:
Education, Mining, Hospital etc.
Since March 1, 2010: Measures of
Establishment of Foreign Invested Partnership Enterprises (FIPE) in China
istaking effect. The regulation, which take effect since March 1,
2010, are known as the Administrative Measures for the Establishment of
Partnership Enterprise in China by Foreign Enterprises or Individuals. There's
no required minimum registered capital for a Foreign Invested Partnership
Enterprise (FIPE) in Shanghai, Beijing, Guangzhou, Shenzhen, Hangzhou and rest
cities of China
Hong Kong Company usually been
used as a Special Purpose vehicle (SPV) to invest Mainland China. Hong
Kong is one of the quickest locations to Incorporate a business. Although a HK
company is not a legal entity in Mainland China (Mainland China and Hong Kong,
See Wiki 1 country, 2 systems), lots foreign investors, especially investors
from Europe and North America still chose to setting up a Hong Kong company as
SPV to invest China.
After China's entry to WTO, most
industries in China welcome foreign investment, WFOE setting up in China
becomes the first option of foreign investment's entity structures instead
of Rep. Office setting up in China. At the mean time, for tax purpose,
effective licensing system etc more and more investors use Hong Kong as the
holding company to invest China mainland, using this offshore company to hold
their operations in China.
Business set-up in Chongqing is a big
project by itself, which requires financial and time commitments, business
management knowledge and China expertise. Identifying a competent agent to
manage the complex process will be a cost and time effective way to avoid
potential pitfalls . Tommy China Business Consulting has direct connections in
the local government
Since 2006, TCBC has been focusing on
consulting services for our clients to invest in Chongqing China. We are
specialized in establishment of wholly foreign owned enterprises (WFOEs),
setting up of offshore companies, trading services, tax minimization, Assist
in obtaining government approvals and certificates for running business,
negotiate and draft various legal documents provide legal advice, negotiate
government officer for Land acquisition. Advising on formation of WOFE and
business structures, managing and controlling WOFE in Chongqing China, drafting
privacy policies and structuring commercial transactions
TCBC will manage all aspects of incorporation to get you a
business license in Chongqing China. We offer a
range of company formation services including helping you to set up:
-Wholly Foreign Owned Enterprises (WFOE
)
-Joint Ventures (Equity/Co-operative)
-Foreign Invested Partnership
Enterprises (FIPE)
Contact Tom Lee for
company registration in Chongqing Airport Industrial Park now
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