-
48
35.
At
present, there are about RMB¥60 billion of
goods in store. However, this does not mean that there
has been no improvement. One of the biggest difficulties
economic reconstruction is that the efficiency of
enterprises in the national economy has not improved
with
key
greatly.
The state strictly controls state-run factories
and,
in some cases, the state buys their products at half
the market price. Furthermore, state factories are
subject to a Buch higher tax rate (55%) compared with
collective ownership factories (35%), individual
factories (16%) and joint-venture
ownership
(10% to 15%).
factories
factories are not used to
State
competition but, on the
other hand, often enjoy better
equipment and staff.
Special Economic Zones (SEZs)
36.
What is China's policy on SEZs?
37.
There are 5 SEZS,
including Shenzhen, Xiamen,
Hainan, which enjoyed a 15% tax rate. There are also 14
economic and technological open areas, 27 high-technology
trade areas (5 in coastal areas and 22 in the inland) as
well as a number of border trade areas
eg.
(辺境貿易開発区),
there are two in Hei Long Jiang (Liz). Open door
policy applies to all these areas.
No comments yet.
Private notes are available after approval.