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Article: High and New Technology Industries in Beijing Encouraging Foreign Investment
- Article from:
- China Chemical Reporter
- Article date:
- June 30, 1997
CopyrightCOPYRIGHT 1997 CNCIC Chemdata Co. Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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As is disclosed by Beijing Economic Information Center, Beijing will soon issue the "Regulations on High and New Technology Industries Encouraging Foreign Investment".
It is defined in the document that high and new technology industries with foreign investment have preference in examination and approval, registration, bank credit access, customs formalities, exit permit, overseas offices and public facilities; For land acquired through direct transfer, tax will be levied on 75% of the transfer charges; Resource tax and municipal tax will be reduced by half.
According to the state industrial policies, less restrictions will be imposed on the proportion of ...