Qinghai
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Qinghai
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Elevation Natural Resources Hydraulic energy?er energy. The province has 178 hydropower stations with a total installed generation capacity of 21.66 million kw and an annual generation capacity of 77 billion kwh. Pastures ne of the five pasturelands in China, Qinghai has 36.46 hectares of pastureland, accounting for 50.54 percent of the province??s total area. Wild animals and plants The province is home to 411 species of vertebrates. Of the wild plants discovered, some 1,000 have economic value, and 680 are medicinal herbs. Of the wild animals, 21 kinds are under first-class state protection, 53 are under second-class state protection, 36 are under provincial protection, and 22 have been listed in the International Trade Convention on Endangered Wild Animals and Plants, Appendixes I and II. Tourism resources Qinghai features ethnic custom tours unique to the plateau. It has scenic spots including the Birds Islet, the Mengda Natural Reserves, Ta'er Monastery, snow-capped A??Nyemaqen Mountain, Sun-and-Moon Hill, and Longyang Gorge Reservoir, the largest artificial reservoir in China, and the Dulan International Game Land. Environment and current issues Soil erosion, water shortage, and deforestation.
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II.
Population
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EthnicityQinghai is a multi-ethnic province inhabited by 44 ethnic groups. Besides the Han, China??s majority, there arethe Tibetan, Hui, Tu, Salar, and Mongol ethnic groups. Minority people account for 44 percent of the province??s total population. LiteracyPrimary-school graduates: 1.42 million (male: 820,000; female: 600,000)University and college graduates: 140,000 (male: 84,000; female: 56,000) Total population of age 15 and over who are illiterate or semi-illiterate: 1.55 million (male: 560,000; female: 990,000)
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III.
Economy
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| ?? | ?? GDP: 22.016 billion yuan GDP ratio (1st, 2nd, and tertiary industries): 18.9, 40.2 and 40.9 percent respectively. Poverty alleviation plan Revenues: 127 billion yuan Industrial output value and growth rate: 18.1 billion yuan In 1999 the province exported
US$86.86 million worth of goods, bringing the total of the past 20 years
to US$1.64 billion. Qinghai exports its products to 60 countries in East
Asia, Southeast Asia, Europe, and the Americas. Foreign trade has provided
work opportunities for the people and expanded the market for the province??s
products, thus increasing revenues. Foreign trade has also promoted the
development both of unique industries such as Tibetan carpets, bovine-wool
sweaters, and other finely processed products and of metallurgical industries
headed by the production of ferro-silicon and silicon carbide. The increasing
imports have updated the production equipment and technological level
of enterprises, enriched the consumer market, and improved the people??s
living standards. Foreign investmentBy the end of 1999, the province
had utilized US$275 million (not including US$235 million for state projects).
The province had approved the establishment of 197 foreign-invested enterprises
with a total foreign investment of US$547 million including contractual
foreign investment of US$224 million and has implemented or was implementing
12 projects with loans totaling US$50.94 million from foreign governments.
Foreign investments cover various fields and have come from various channels
including foreign governments, the International Agricultural Development
Fund and the World Bank. By the end of 1999, the province
had received a total of US$63.26 million in international economic aid
for 67 construction projects, of which 14 were under construction in 1999.
These projects include the Haidong Agricultural Comprehensive Development
Project, aided by the World Grain Program; the Qinghai Livestock Breeding
and Potato Development Project, aided by the European Union; and the Qinghai
Community Development Project, aided by Australia. These projects cover
agriculture, livestock, fishery, science, technology, education, culture,
public health, and women??s development. They have promoted the development
of social causes in the province. Pillar industriesAgriculture, hydropower, salt-chemical, non-ferrous metal, and oil and natural gas |
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IV.
Telecommunications
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| ?? Telephones Post and telecommunications are comparatively advanced. Computer-controlled telephone lines link Xining, and most prefectures and counties in the province to other parts of the country and to more than 160 foreign countries. Wireless telecom services have also developed rapidly. The transmission system has utilized cables, microwaves, and satellites. The province is accessible via Internet. Radio and TV stations |
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V.
Transportation
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The Lanzhou-Qinghai and Qinghai-Tibet
railway trunks along with 59 special railway lines, all totaling 1,300
Highways
The operational highways total
17,200 kilometers, and the highway transport network with Xining at the
center radiates to all parts of the province. Airports
The civil aviation air routes
total 10,000 kilometers, and the province has flights |
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VI.
Projects wanting foreign investment
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| Textiles,
machinery, electronics, salt-chemicals, nonferrous metals, agriculture,
communications, energy, and light industries. |
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VII
Favorable policies for investment
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Regulations
on encouraging foreign investment promulgated by the People??s Government
of Qinghai Province issued in 1998: Article 1 The provisions are formulated according to
relevant stipulations on foreign investment of the state and situations
of Qinghai. Article 2 The provisions shall apply to the projects
of Sino-foreign joint venture, Sino-foreign cooperative enterprises,
and foreign-owned enterprises within Qinghai. They are also applicable
to the investors from Hong Kong, Taiwan, and Macao. Article 3 Foreign investors
can choose the following forms of investment: 1.
Sino-foreign joint ventures, Sino-foreign cooperative enterprises, and
wholly foreign-owned enterprises; 2.
Purchasing, leasing, holding share of, merging, and contacting state-owned
and collective enterprises; 3.
Compensation trade, material processing, processing supplied samples,
assembling with supplied parts, and technology transfer; 4.
BOT projects; and 5.
Other forms allowed by laws and regulations. Article 4 Foreign investment is encouraged in the fields
of export, advanced technology, agriculture, forestry, animal husbandry,
trade, tourism, energy, transportation and approved financial projects.
Enterprises for the development and processing of local resources are
encouraged. Article 5 Foreign investment enterprises (FIEs) engaged
in export, advanced technology, agriculture, forestry, animal husbandry,
trade, tourism, energy, transportation and approved financial projects
enjoy a refund of 50 percent of their local income tax from the local
revenues. FIEs with an operation period over 10 years and an export
volume of half of their output value and the FIEs in the field of advanced
technology are exempt from income tax in the first two profit-making
years. The FIEs can enjoy the exemption of local income tax, city housing
and land tax, and car license tax for ten years. Beyond this period,
the FIEs may get approval and continue to enjoy tax exemption and reduction. Article 6 Ordinary FIEs whose income tax exceeds 24
percent of their income will get the exceeding amount from local financial
departments. FIEs with an operation period of over 10 years and an investment
of 5 million yuan enjoy the local income tax for three years and have
the income tax refunded from the financial departments in the first
profit-making year and half refunded in the second and third years. Article 7 The overdue tax payment in the previous years
of the state-owned enterprises, which are merged, share-held, and contracted
by FIEs, can be treated in line with Article 6. Article 8 When the FIEs with an operation period of
five years invest their profit for the accumulation of the registration
capital or the establishment of a new enterprise in Qinghai, they can
have a refund of the business income tax and local income tax for the
re-invested part. Article 9 FIEs enjoy the following
land-use policies: 1.
FIEs are exempt from the land use fee in the fields of export, advanced
technology, agriculture, forestry, animal husbandry, trade, tourism,
energy, transportation and approved financial projects. 2.
The ordinary FIEs pay half of the land use fee. 3.
FIEs using the barren mountains, wilderness, and wasteland enjoy land
transfer and use fee exemption. Article 10 FIEs engaged in mineral exploitation enjoy
70 percent and 50 percent discounts of the mineral exploitation price
during the investigation period and commercial exploitation period respectively.
Governments at prefecture, county, and township levels are not allowed
to push FIEs for cooperation, partnerships, and profit division. Article 11 FIEs enjoy local
administrative fee exemption upon approval. Article 12 FIEs can settle their own cars in Qinghai.
The sedans and motorcycles purchased by FIEs in China are exempt from
the local surtax. Article 13 FIEs are allowed to accelerate the fixed
asset depreciation for special reasons with the approval of the concerned
taxation bureau upon application from FIEs. Article 14 FIEs have the decision-making power in operation
and management. They can employ the needed managerial and technical
personnel and workers in Qinghai and other places of China. As to the
personnel from places rather than Qinghai, FIEs can get approval and
settle them in Qinghai as needed. FIEs can legally set their product
and service price. Article 15 Relevant departments should give priority
to the application of the establishment of FIEs. The examination and
approval procedure should be completed within 10 days. Article 16 No unit or individual is allowed to collect
any unjustified fees and fines from FIEs. The administrative institutions
can collect fees only with the approval of the price management departments.
FIEs have the rights to turn down any fees if not given any relevant
notice. Article 17 Go-betweens of FIEs can be awarded with
0.5-3 percent of actual investment by the beneficiary units. Those who
introduce large projects are also awarded by the provincial government. Article 18 Organizations and relevant government departments
solve the complaints of FIEs within seven days. Article 19 The right of interpretation of these provisions
belongs to the Qinghai Merchants Bureau. Article 20 The provisions shall enter into effect on
the date of promulgation. The Preferential Measures of Encouraging Foreign
Investment in Qinghai issued on March 1, 1995 is repealed at the same
time. Note: In case of differences of interpretation,
the text in the English Language should be considered as the text of
reference.
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