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China
Information
Xining
City |
外文名称: Xining City
Xining, the capital of Qinghai Province,
is the province's political, economic, scientific and cultural center.
It is situated in the east part of Qinghai, lying in the Huangshui
Valley at the eastern foot of Riyue Mountain on the Qinghai Plateau.
Xining is located at 101.76 degrees of
east longitude and 36.37 degrees of north latitude, 2,261 m. above sea
level. With its high altitude, low pressure, wide range of temperature,
little precipitation and long days, it belongs to the highland
continental climate. Its temperature within one day varies about
15 degrees centigrade.
The
city proper lies on a vast silt plain. It is walled in by undulating
mountains interspersed with numerous lakes and rivers and is
geographically described as "a small inland basin."
Xining in Chinese means "peace in the
western lands." As early as 121 B.C., the city was called Xipingting,
or "peaceful western pavilion." After that, its name was changed
several times until 1104 (Northern Song Dynasty) when it was named
"Xining Administrative Prefecture." In the middle of 1940s, it became
Xining City. Xining administers four districts and one county with a
total area of 3,650 sq. km. and a population of nearly one million. The
urban area of Xining covers 350 sq. km. and has a population of more
than 620,000.
Xining is a city with many minority groups.
Nearly 30 ethnic groups live there, including the Han, Hui, Tibetan,
Tu, Mongolian and Sala.
Transport: Xining is the hub
of communications of Qinghai Province. It has two railways: the
Lanzhou-Qinghai Railway and the Qinghai-Tibet Railway. The
Lanzhou-Qinghai Highway (220 km) and Qinghai-Tibet Highway (2,100 km)
run through the province. Air routes also connect Xining to other
cities in China, such as Lanzhou, Taiyuan, Xi'an and Beijing.
Agriculture:
Vegetable and
grain are main crops in Xining.
Business:
Factories, mines and
other enterprises are mainly
Distributed along the four
waterways of the city. Xining has more than 500 enterprises
in industries such as machinery, textiles, metallurgy, coal,
electric power, chemicals, food processing, timber, leather and fur,
plastics, hardware, paper, stationery, arts and crafts, and medicines.
Investment
Policies and Rules
In 1994, Xining was opened to overseas
trade and investment, with the State Council approval. It has
established an economic and technological development zone - the
Qiaotou Economic and Technological Development Zone -- to further
improve investment conditions and attract more foreign funds. The
Qinghai Provincial Government and Xining City Government have drawn up
documents to encourage foreign businesses to invest in Xining and other
areas in the province.
The
city gives overseas-funded enterprises priority in eight areas: supply
of energy resources, distribution of raw materials, land use, capital
construction, transportation, installation of communications equipment,
bank loans, and choice of staff. The specific policies are: to provide
exclusively overseas or joint ventures with construction sites, the
same favorable terms as for local enterprises; and to allow enterprises
established with sole overseas capital to have their own management.
Overseas-financed enterprises may be
exempted from the local income tax during the periods when the state
regulates a general reduction or remission of income taxes. After such
a period expires, the enterprises may pay only half the local income
tax for three years.
If the
industrial and commercial consolidated taxes that should be
paid by overseas-financed enterprises are at a higher rate
than that for state-owned enterprises, they can be collected in the
same way as those of the state-owned enterprises. Export products,
except for crude oil, end-product oil and products for which the state
has separate regulations, are exempted from the industrial and
commercial taxes.
Overseas-funded enterprises can independently export their products and
set prices. They can also sell their products to overseas trade
enterprises according to state regulations or entrust an overseas trade
enterprise to export their products.
Products of overseas-financed
enterprises that cannot be sold abroad may partially or totally be sold
on the Chinese market upon application and approval.
The Xining Branch of the Bank of China
can provide for overseas-funded enterprises services for cash flow,
foreign currency mortgages, and priority in loans of Renminbi capital.
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