Living Environment

With its beautiful natural resources and special local products, Yunnan has preserved the unique variety of its cuisine. There are sufficient raw materials and ingredients for the preparation of the cuisine of all nations, ethnic groups and regions. In Yunnan, fresh vegetables and fruits are available all the year round. Visitors to Yunnan can not only taste the delicious Yunnan local food, but also enjoy the cuisines from other regions of China such as Sichuan, Guangdong, Shandong, and Yangzhou. In addition, western food, Japanese food, Korean Barbecue and other foreign flavors are all available. At present, Yunnan has many starred hotels. In addition, there are a large number of small hotels, inns and hostels in the tourist areas. Vacation and leisure resorts exist throughout the province where business people and tourists can enjoy a short stay. In all the major cities of Yunnan, commercial addition, there are a large number of small hotels, inns and hostels in the tourist spots and vacation and leisure resorts throughout the province where business people and tourists can enjoy a short stay. In all the major cities of Yunnan, commercial buildings, villas and residential houses are all available for lease and sale.

The numerous commercial retail outlets and markets in the province make shopping very comvenient and it can meet every need of the local people and the foreign investors.

Fields of investment

1. Apart from the fields that are prohibited by the State laws, there is no limitation on the fields and projects for investment. In-bound investment enterprises (Referring to enterprises established by foreign investors, Hong Kong, Macao and Taiwan compatriots and investors from other provinces of China) are allowed to prosper and utilize rare species of biological resources in Yunnan. To encourage in bound investment in geological exploration, mining and processing of minerals. In bound investments are encouraged to transform traditional industries of Yunnan province with advanced technology. In bound investments are encouraged in service sectors, including import and expart business, retail, information, finance, insurance, tourism, transportation, legal service, accountiong as well as culture, education, sports and medical care. For involvement of foreign investment in some business which is conducted on trial basis in coastal regions, such experiment can also be carried out in Yunnan.

2. There is no limitation on establishment of enterprises by in-bound investment in qualification, operation areas and proportion of investment. Loose control on entry by in-bound investment (enterprises and individuals from othere provinces and other countries) into following industries: Planting, irrigation, infrastructures, pharmaceuticals, minerals, retails and tourism. There will be no ceiling for ration of in-bound investment, which can be decided by parties to joint ventures. When in-bound investors invest with patents or high-tech. restrictions on their ratio in enterprises can be further loosed. There will be no restriction on lawful cross-region operation of in-bound investment inside the province.

3. In principle, there is no restriction on scope of operation for in-dound investment. They are encouraged to conduct operation in various fields. In case they need to conduct other business after their major business in on tract, no restrictions will be imposed. The original approval departments and commercial and industrial administration departments should respect their demand by proceeding formalities for extension of business scope. In-bound investment, apart from exporting their products, can also export other enterprises’ products (except those commodities under administration of export quotas, for which prior approval for quotas must be obtained beforehand ) subject to approval from foreign trade administration departments. In-bound investment are encouraged to explore the markets of neighbouring countries. After obtaining their business licenses, in-bound investment enterprises may apply for approval of handling border trade and economic cooperation with neighbouring countries.

4. There will be no limitation on forms of in-bound investment. In-bound investment is encouraged to invest in various forms. Apart from the prevailing forms of joint venture, contractual joint venture and solely-owned, they are restructuring of state-owned enterprises by purchase, meager, joint stock and acquiring predominant share, etc. In- bound investment are also encouraged to established research and development centers with local ono-state-owned enterprises, education and research institutes by ways of joint venture and cooperation. In-bound investment are encouraged to set up investment, risk investment corporations in specific areas. In-bound investment are allowed to launch develop for large pieces of land. They are also allowed to carry out regional comprehensive development of natural resources.

5. There will be no limitation on proportion of internal and external sales for products of in-bound investment. The enterprises may decide on their own proportion of internal and external sales in accordance with their need and their marketing capability.

　　　　　　　　　　　　　　　　　　　　　　　　　　 [Origin:Yunnan Government Website]