Hainan Free Trade Port’s incentives include lower corporate and income tax rates for qualified entities between January 1, 2020 and December 31, 2024.
BEIJING, Oct. 18, 2022 /PRNewswire/ China welcomes companies from all over the world to invest in the country and continue to share its development dividends as the Chinese economy has shifted from high-speed growth to high-quality development, a senior official from the country's top economic planner said on Monday. "China's door will open wider," said Zhao Chenxin, vice chairman of the National Development and Reform Commission (NDRC) and a member of the commission's CPC leadership group, at a press conference on the sidelines of the ongoing 20th National Congress of the Communist Party of China (CPC), the country's most important political event this year. The dual-circulation development pattern, where internal and external markets can reinforce each other and with the domestic market as the mainstay, does not mean that China wants to scale back from opening up or even to pursue a self-sufficient economy, Zhao clarified. Chinese President Xi Jinping has