China Woos Foreign Investors with Incentives

China has released new guidelines that encourage foreign investment in the high-end manufacturing, hi-tech and eco-friendly sectors, and in central and western China.

 

The new rules encourage multinational companies to establish regional headquarters, R&D centres, purchase centres, financial management centres and other functional departments in China. The government, however, is discouraging investments in environmentally unsound and energy-gorging projects in industries running at overcapacity.

 

By the end of this year, imports for scientific and technological development at foreign R&D centres may qualify for exemption from tariffs, value-added tax, and goods and services tax, according to the new regulations.

 

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