Investment Cost

Living Costs in Wuxi

Items Price

Fully Decorated Apartment (Single Room)

RMB 1,000 -2,000 Yuan/month

Fully Decorated Apartment           (Three bedrooms & 2 Living Rooms)

RMB 2,000- 4,000 Yuan/month

A-level Office Buildings

RMB2.5 – 3.5 Yuan//day

General Office Buildings

RMB 1 – 2 Yuan//day

Taxi

3 km

Base rate: RMB 10 Yuan

>3km

RMB 2.28 Yuan/km

Bus

Bus with A/C

RMB 2 Yuan

Bus without A/C

RMB 1 Yuan

Metro

RMB 2-6 Yuan

 

*Rental subsidies for fresh university graduates: With Doctor degree: RMB 800 Yuan/person/month; with Master degree: RMB 600 Yuan/person/month; with Bachelor    degree: RMB 500 Yuan/person/month. The term is tentatively fixed at two years.

 

Salary

Minimum Salary Standard: RMB 2020 Yuan/Month (not including overtime payment, subsidies and welfare benefits according to national regulations, including social insurance, not including housing accumulation funds)

Minimum Standard of “Five One Insurance Fund”

Endowment Insurance 19% (Employer) 8% (Employee)

Medical Insurance 7.6% (Employer) 2% (Employee)

Unemployment Insurance 0.5%(Employer) 0.5%(Employee)

Work-related Injury Insurance 1.4% (Employer)

Maternity Insurance 0.8% (Employer)

Housing Accumulation Funds 8%(Employer) 8%(Employee)

 

Cost of Enterprise Operation Items

Factors

Price

 

Water for business and commercial service use

RMB 4.16 Yuan /ton for general industry

RMB 4.96 Yuan for Eight Industries

( Chemical Industry, pharmaceuticals industry, steel industry, printing and dyeing industry, paper-making industry, electroplating industry, cement industry, shipbuilding industry, etc)

Natural gas

Gas for industrial and commercial use: RMB 2.81-3.23 Yuan/ m3

Gas for daily use: 2.5 RMB/ m3

Steam

RMB 194 Yuan/ton

( Price varies quarterly, in tandem with BSPI)

Power charge

Normal

12:00-17:00

21:00-24:00

Peak

(8:00-12:00,17:00-21:00)

Valley

(0:00-8:00)

 

1-10kv

0.6418

1.0697

0.3139

20-35kv

0.6358

1.0597

0.3119

35-110kv

0.6268

1.0447

0.3089

110kv-220kv

0.6118

1.0197

0.3039

220kv and above

0.5968

0.9947

0.2989

 

Direct Electricity Purchase Policy:

Accessible terminal users should meet the following requirements:

1. Terminal users belong to 35-KV voltage class and above.
2. Power consumption in previous year is over 40 million KWh.
3. Users meet with other relevant requirements.
4. Terminal users participated in direct electricity purchase in Year 2017.

Accessible terminal users can choose to make independent agreement with the Power Seller or the Power Plant, or stick to the present position. The threshold will be lowered to 10-KV voltage class and above.