CETY Completes Setup Of Wholly Owned Subsidiary In Hainan Island, China
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COSTA MESA, Calif., Jan. 6, 2021 /PRNewswire/ Clean Energy Technologies, Inc. (OTCQB: CETY), a clean energy company focusing on products and solutions in the energy efficiency and environmental sustainability market, announced today CETY has completed the establishment of its wholly owned subsidiary in Hainan Island, China, to take advantage of the tariff free trade zone, which sets the foundation of China Market expansion.
On June 1, 2020, the Chinese government released a master plan for polices to build Hainan Island, on China s south coast, into a globally significant free-trade port by 2050. Policies will be rolled out to facilitate trade, liberalize investment, allow capital to flow freely cross-border, make transit more convenient for people, and ensure the secure flow of data. Improvements to the taxation and legal systems will be made to su