A Brief Introduction to Shenyang City
Shenyang, the capital city of Liaoning Province, is a hub for advanced equipment manufacturing and a historically and culturally renowned city. Spanning an area of 12,900 square kilometers, it boasts a population of 9.88 million residents.
With a history dating back over 2,300 years and a legacy of human habitation spanning 7,200 years, Shenyang is celebrated as the "cradle of the Qing Dynasty and the capital of two generations of emperors." This heritage underscores its profound cultural richness.
Shenyang, known as the "Equipment Department of the People’s Republic of China," has been witness to the inception of numerous "firsts in Chinese industry," thereby strengthening its industrial foundation.
The city hosts a national demonstration zone for independent innovation, boasting 45 higher education institutions, 56 research institutions, and 76 national-level innovation platforms. It is acknowledged as one of the 15 key sources of technological innovation nationwide.
Shenyang, located at the geographical center of Northeast Asia and serving as the core of the Northeast Asia Economic Circle and the Bohai Economic Rim, is one of the 20 comprehensive international transportation hub cities in China.
It is home to a national pilot free trade zone and a comprehensive bonded zone. With an extensive air-land-sea transportation network, the city boasts 235 international and domestic air routes and has facilitated the operation of 2,691 China-Europe freight trains. Shenyang has actively engaged in economic and trade exchanges with 221 countries and regions worldwide.
Currently, Shenyang is transforming into a national modern comprehensive hub, an advanced manufacturing center, a comprehensive national science center, a regional financial center, and a regional cultural and creative center. Significant efforts are underway to enhance its development and lead in the revitalization of Liaoning Province, setting a positive example for others to follow.
Investment Costs in Shenyang
| Category |
Electrical degree and electricity price ((RMB/kWh) |
Basic price |
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| Below 1 kV |
1-10 (20) kV |
110 (66) kV |
220 kV and above |
Voltage level |
Maximum demand (RMB/kW· month) |
Transformer capacity (RMB/kVA·month) |
||
| 1. Residential electricity |
0.5000 |
0.4900 |
0.4900 |
—— |
||||
| 2. Electricity for agricultural production |
0.4946 |
0.4846 |
0.4746 |
—— |
||||
| 3.Electricity for industrial and commercial use |
One-part rate system |
Average 0.703926 |
Average 0.682726 |
Average 0.661726 |
—— |
|||
| —— |
Average 0.576626 |
Average 0.558026 |
Average 0.531326 |
1-10 (20) kV |
36.8 |
23 |
||
| 110 (66) kV |
35.2 |
22 |
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| 220 kV and above |
33.6 |
21 |
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| Sliding scale of time-of-use electricity pricing: Peak period prices increase by 50%, while valley period prices decrease by 50%. Additionally, Critical Peak prices rise by 25% based on the peak period rate. Critical Peak: 17:00-19:00; Peak: 7:30-11:30, 19:00-21:00; Standard: 5:00-7:30, 11:30-17:00, 21:00-22:00; Valley: 22:00-5:00 the next day. |
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| Tap water |
Non-residential water |
3.85 RMB/ton + 1.4 RMB/ton = 5.25 RMB/ton |
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| Residential water |
2.35 RMB/ton basic water price + 0.95 RMB/ton sewage fee = 3.3 RMB/ton |
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| Natural gas |
Non-residential gas |
3.63 RMB/cubic meter |
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| Residential gas |
3.16 RMB/cubic meter |
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| Heat supply |
Heat for non-residents |
The rate is 32 RMB per square meter. For buildings with a height exceeding 3.5 meters, an additional 10% will be charged for each additional 0.3 meters (including 0.3 meters). For buildings with a height exceeding 6 meters, the rate will be determined through negotiation between the supplier and the user. |
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| Residential heat |
The rate is 28 yuan per square meter. For residential users not covered by organizations for heating fees, the charge is 25.3 yuan per square meter. |
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| Communication |
Optical broadband charges are based on actual speed, approximately 100 yuan per meter per year? |
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| Property tax |
Property tax is calculated at a rate of 1.2% on the residual value after deducting 30% from the original property value. Taxes can be paid annually, quarterly, or monthly. Until the end of 2024, a halved tax will be applied to individually-owned businesses, small-scale value-added tax taxpayers, and small and micro-profit enterprises. |
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| Land use tax |
Land usage tax is imposed based on the actual occupied land area, following 6 tiers of standards: 30 yuan, 21 yuan, 12 yuan, 10.5 yuan, 7.5 yuan, and 6 yuan per square meter per year. Until the end of 2024, a halved tax will be applied to individually-owned businesses, small-scale value-added tax taxpayers, and small and micro-profit enterprises. |
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| Labor cost |
The average annual labor cost per employee is 78,200 yuan for small enterprises and 67,800 yuan for private enterprises. |
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Keywords
Advanced equipment manufacturing base, regional hub city, innovation, ecology.
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Shenyang Municipal Commerce Bureau
For further information, please visit the website of the Shenyang Business Bureau.
