1)Trade Agencies will be allowed to engage in trade of imports and spare parts for foreign owned businesses.

2)The policy of paid transfer use rights for land(the lease of land) will be for 50 to 70 years.

3)Foreign banks branches will allowed and they will be fall under lower tax rates.

4)Foreign investors will be allowed to run tertiary businesses.

5)Overseas business men will be allowed to invest in construction of infrastructure. Their investment will be exempted from income taxes for the first five profit making years and there will be a fifty percent reduction in their income taxes for the next five years after that.

6)Export-oriented production will be allowed to sell a certain portion of their production in China if approved. These goods that will be sold will be taxed and duties will be applied to them.

7)Equipment duties and taxes on equipment imported will be waived.

8)Income tax for the owners of these businesses will be capped at 15% and if the planned duration of the operation is longer than 10 years then the business owner will be exempted from income tax for the first two profit making years. In addition the three years after that they will be taxed at a 50% reduction.

9)A tax reduction will be given to Chinese investment if the business is in accordance to the policies in the Pudong New Area.

10)The government promises to invest more money in the Pudong New Area.

Click here for more economic information on the Pudong New Area

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