Preferential Tax Policies in the Enterprise Income Tax Law

¡¡¡¡1. The corporate income tax from projects of farming, forestry, animal
¡¡¡¡husbandry, and fishery of an enterprise shall be exempted or reduce...

China-Malaysia Qinzhou Industrial Park (QIP)

¡¡¡¡April 28 of 2011 was the 20th anniversary of the establishment of China-ASEAN dialogue relations. Wen Jiabao, Premier of the State Council of ...


Brief Introduction

¡¡¡¡April 28 of 2011 was the 20th anniversary of the establishment of China-ASEAN dialogue relations. Wen Jiabao, Premier of the State Council of China (SCC), visited Malaysia, reaching an agreement on the joint establishment of QIP with Najib Razak, Prime Minister of Malaysia on that day. On October 21 of 2011 during the period of the 8th China-ASEAN Expo, Wen and Najib witnessed the signing of QIP cooperation document between the Ministry of Commerce of China and the Ministry of International Trade and Industry of Malaysia, and unveiled the nameplate of QIP. On March 26 of 2012, SCC approved to establish QIP. On April 1 of 2012, Wen and Najib attended the launching ceremony of QIP and laid a foundation for it. On February 5 of 2013, Jia Qinglin, chairman of the National Committee of the Chinese People's Political Consultative Conference, together with Najib attended the launching ceremony of Malaysia-China Kuantan Industrial Park (MCKIP) in Kuantan, Malaysia. The mode of ¡°Two Nations with Twin Parks¡± initiated the precedent of international cooperation of China¡¯s parks.
¡¡¡¡QIP is the first park jointly established by the governments of China and Malaysia. It is also the third park that established by the governments of China and foreign countries, next to China-Singapore Suzhou Industrial Park and Sino-Singapore Tianjin Eco-City. China and Malaysia jointly establish parks, which reflects their active attempts in deepening investment cooperation and building China-ASEAN cooperation demonstration zones after the establishment of the China-ASEAN Free Trade Area, fully expressing their hopes of expanding and promoting the economic and trade relations. The establishment of QIP deepens the strategic partnership between China and Malaysia, enriches the content of economic and trade cooperation between China and ASEAN states and strengthens both sides¡¯ influences in cooperation. What¡¯s more, QIP will become a new platform, power and highlight for servicing and promoting the sustainable development of China-ASEAN cooperation.
¡¡¡¡QIP is adjacent to Guangxi Qinzhou Free Trade Port Area and National Qinzhou Port Economic-Technological Development Area. Its planning area is 55 km2 and the planning population is 500,000. It will generally set functional areas of industry, science and technology R&D, supporting service and residence. The construction of QIP is divided into 3 phases. In the first phase, 15 km2 need to be completed, in which the launching area accounts for 7.87 km2. Aimed at building the China-ASEAN cooperation demonstration zone¡ª¡°China-Malaysia Manufacturing Area and Win-win Demonstration Zone¡±, QIP is oriented to ¡°advanced manufacturing base, information and wisdom corridor, new cultural and ecological town, and cooperation and exchange window¡±, which develops 6 leading industries, including equipment manufacturing, electronic information, food processing, materials and new materials, biotechnologies and modern services. QIP is open to ASEAN states and foreign enterprises around the world. It is a good platform for them to have a deeper communication and exchange. According to the principle of ¡°government supporting and enterprises operating¡±, the functions of the government were separated from those of enterprises in the development of QIP. With the goal of ¡°cooperative development, global investment, benefits sharing and common development¡±, enterprises from China and Malaysia jointly establish QIP development companies. These companies are managed and operated in accordance with the modern enterprise system, and responsible for the development and construction and investment attracting of QIP.
¡¡¡¡According to the general requirements of ¡°quality shaping, industries and city integrating, mechanism innovating, win-win opening, people enriching in harmony and green ecology¡±, QIP develops the infrastructural construction and industrial project construction, aiming to speed up the perfection of the supporting functions construction of infrastructure. Insisting on the innovation of system and mechanism, QIP shows its bold innovation in cooperation mechanism, management mechanism and policy guarantee. It actively invites 6 leading industries to settle in with high starting point and high standard and will constantly improve the capability and management level of service enterprises. To build the China-ASEAN cooperation demonstration zone, QIP needs to insist on opening-up and cooperation, strengthen the coordination and promote the exchange and cooperation between Chinese and foreign enterprises.

Read all>>

  • ¡¡¡¡The Tourism Development Commission of Qinzhou, taking coastal tourism and rural tourism as two cores this year, has paid close attention to facilities construction, the publicity and promotion of the city, branding building and providing better services in the tourist market, aiming at building a prosperous and orderly tourist market and achieving a substantial growth in tourism economy. In the first half of the year, the city saw 11.615 million domestic and foreign tourists, and a total tourism consumption of 11.27 billion yuan, up 48.9% and 42.6% respectively year on year.
    ¡¡¡¡In addition, Qinzhou has set up a system of multiple investments this year, directing more funds into the building of infrastructure, like roads, communication equipments, hotel and restaurants and resorts, etc. The city has raised a fund of 2.58 billion yuan for tourism infrastructure and construction of public service system in the first half of the year. Under construction are facilities, like Qinzhou high-speed rail tourism distribution center, and the road around the Maowei Sea resort area, 13 rural tourist resorts, like Emei Bay Ecological Park, Green Lake Pastoral and 6 agritainment resorts, like Lingdong farm and Shensheng ecological park in Sanhe. Meanwhile, the city government will take the opportunity of global tourism and promote its brand building in tourism.

  • 20170726113917_6.jpg

    ¡¡¡¡Recently, the ship of "Haifeng Jiangsu" was successfully docked at the berth of 3# in Qinzhou Free Trade Area, bringing the port¡¯s first imported fruits, which marks its coming into operation as a base of imported fruits. After designating ports of entry for assembled vehicles, imported crops and meat, Qinzhou Free Trade Area saw a new one.
    ¡¡¡¡The operation of this port will greatly boost the development of cold chain logistics in this area. It is expected that the amount of fruits imported through this port will be 80,000 tons this year, and the amount will reach 400,000 in 2020. This will on one hand cater to the domestic demand for high-quality fruits, and optimize the quality of supplies, and on the other, be conducive to enhance the port¡¯s visibility, and improve its service scope. The operation of this port will surely play a vital role for Qinzhou in building the southern part of the trade route connecting ¡°Chongqing-Guangxi-Singapore¡±, enhancing trade cooperation with ASEAN countries and forging a frontline for the ¡°Belt and Road¡± initiative.

  • 20170726114013_128.jpg

    ¡¡¡¡In the first six months this year, Qinzhou Port handled a total of 39.09 million tons cargoes with a YOY increase of 14.7%, completing 54% of the annual plan; and the container throughput reached 785,000 TEU with a YOY increase of 25%.
    ¡¡¡¡The management and service capabilities of port industry have been further optimized and upgraded. In accordance with the requirements of "streamline government functions and administration and delegate powers while improving regulation, and optimize services", the Beibu Gulf Port Authority Qinzhou Branch strictly enforces the list of government powers formulated by the Beibu Gulf Port Authority, strictly checks on port examination and approval, performs review of safety conditions, review and approval of preliminary design and construction drawing design and port administrative licensing of special safety facilities, safety evaluation and others, actively carries out bid-inviting document filing for approved projects and optimizes the service work.

  • 20170726114248_186.jpg

    ¡¡¡¡Lingshan County adheres to the implementation of the industrial county construction strategy unswervingly, firmly sticks to the basis of "break the bottleneck and catch up with the development", pools wisdom, focuses on breaking those bottlenecks restricting economic development like lacking of backbone industries, takes well-targeted steps to develop industrial economy, and promotes work in all areas by solving key problems and difficulties, thus achieving the target of steady growth on industrial economic indicators. Gross output value of industrial enterprises above designated size has reached 16.65 billion yuan with a YOY increase of 24.5% in the first half year.
    ¡¡¡¡Lingshan County, with the objective of building itself into an important sub-central city of Guangxi Beibu Gulf Economic Zone, puts forth effort to build itself into an important processing and manufacturing base in the Zone and pays close attention to industrial economic development. The County further improves its industrial investment environment in accordance with the target of creating new type industrial parks integrating city and industry with rational layout and perfect functions. The construction of software and hardware facilities in Shili Industrial Park, Luwu Port-Vicinity Industrial Park and Wuli Industrial Park is strengthened to continuously improve the investment environment, so that a number of newly introduced projects have been started in the park one after another, and thus laying the foundation to promote and strengthen the total industrial economy.