"Two exemptions and three reductions" policy refers to foreign-invested enterprises can enjoy the two year exemption from profit-making year, three years halved the treatment of enterprise income tax. To encourage foreign-invested enterprises in the countries of central and western regions, after the expiration of the five-year tax reduction and exemption may be extended three years of tax law. Advanced technology of foreign invested enterprises can enjoy the three-year tax holiday, six-year corporate income tax treatment; export-oriented enterprises, in addition to enjoying the two exemptions and three reductions of income tax benefits, annual exports accounted for total sales more than 70 percent of the amount, can enjoy preferential corporate income tax; foreign-invested enterprises to purchase domestic equipment within the total investment, such as the type of imported equipment are imported duty-free catalog range, according to the provisions of enterprise income tax. 
 The state encourages foreign investment in the extent to which, and encouraged by the range given preferential measures 

 China to encourage foreign investment in the following areas: 

 First, encourage foreign investment in the transformation of traditional agriculture, the development of modern agriculture and promote agricultural industrialization. 

 The second is to encourage foreign investment in transportation, energy, raw materials, infrastructure and basic industries. 

 The third is to encourage foreign investment in electronic information, biological engineering, new materials, and aerospace and other high-tech industries, to encourage foreign R & D centers in China. 

 The fourth is to encourage foreign businessmen to use advanced and applicable technology machinery, light industry, textiles and other traditional industries, to achieve the upgrading of the equipment industry. 

 The fifth is to encourage foreign investment in comprehensive utilization of resources and renewable resources, environmental protection engineering and municipal engineering. 

 Is in line with the western development strategy, encourage foreign investment in the competitive industries of the western region. 

 7 is to encourage foreign investment in all products exported to the permitted project. 

 The above sources of information: agent registration Shanghai company network http://www.xiangrenzc.com more information: 15,221,216,356,021 - 6333-3733