China targets high-technology investment in industry:
This article was originally published in Clinica
China has implemented a number of measures to make investment in its industry more attractive to overseas companies. Government policy has shifted priority away from promoting specific regions for foreign investment to focusing on particular technology-intensive industries, reports the SPAC. Investment in the central and western parts of China will continue to be "positively encouraged", however. Once approval has been obtained from the State Taxation Administration, foreign-invested enterprises will enjoy a special 15% income tax rate. Overseas companies will be encouraged to invest in existing state-owned enterprises, the SPAC says.