Lee & Lee Associates visited Changchun Municipal Bureau of Commerce & Economic and Technology Cooperation Bureau of Changchun City with British Business Delegation. The directors and leaders of the Bureaus warmly received us and introduced Changchun’s investment environment and opportunities in details. We’d like to share the information with you with hope that we could provide more valuable update and promote communication and cooperation of all parties.
For Changchun in Jilin, many foreign friends may feel unfamiliar. Jilin is one province of the Northeast China, and Changchun is the capital city of Jilin and is not first-tier city of China. However, there is a tendency for investment, especially for foreign investment: second/third-tier cities are getting more attention, regarded with huge market and development potentials. Even BritCham/CBBC held a debate with the topic “Are Beijing and Shanghai Yesterday’s Cities for British Businesses?” So let’s see Changchun’s attraction for investment as introduced by the Investment Promotion Office to EU & America of Changchun Municipal Bureau of Commerce.
· Natural geographical advantage; important transportation and logistics hub in Northeast Asian Region; convenient air, road and rail.
· Solid foundation of automobile industry, accelerating three world-class industry bases: automobile, rail transit and agricultural product processing. The market space is wide for the industries.
· All kinds of talents totaling 600 thousands, labor cost is much lower than coastal areas
· Preferential price and stable supply for water, electricity, gas and heat
· Abundant nonmetallic mineral resources
· Good ecological resources, big potential for tourist industry development, suitable for living and doing business
· 4 state-level development zones and 20 provincial-level ones, which create efficient and convenient conditions for industry development and project implementation.
· The first pursuit of municipal government is to favor, comfort, support and enrich merchants. They regard investors’ satisfaction as the first criteria of work. Municipal leaders are responsible for major investment projects, and resolve the problems during company construction and development at first time.
Investment projects consist of the following industries (we cannot give all the details because of large number of projects, but welcome to contact us for your interested specific industries and projects):
- Automobile components industry: e.g. electric car digital switch reluctance motor, aluminum forging auto part, etc.
- Railway vehicle spare parts industry: e.g. railway vehicle air-conditioning part production, decorative material production, etc.
- Agricultural and subsidiary product processing industry: e.g. jinseng processing, leather product production, etc.
- Medical and health industry: e.g. medical equipment and consumable item production, adsorption cell free DPT vaccine project, etc.
- Equipment manufacturing industry: e.g. industrial robot project, etc.
- Strategic emerging industry: e.g. modern auto electronic industrial park, modern technology company incubation park, etc.
- Modern service industry and others:
a. Tourist industry: e.g. ecological resort project, etc.
b. Business service industry: e.g. commercial complex project, international expo center, etc.
c. Culture industry: e.g. health center project, etc.
d. Other service industry: e.g. the bonded logistics project, cross-border e-commerce base project, etc.
