China State Council to Upgrade Bonded Zones

China is to upgrade “special administrative zones” focusing on bonded warehouses.

Under new plans enterprise operating within the confines of the bonded zones will be subject to favorable taxation, streamlined procedures, facilitated logistics etc.  

Preferential treatment will also be offered to companies involved in R&D or enterprises offering innovative services.

Further development of bonded warehouse will focus on developing new technical capacities, infrastructure and entcing industry from the following 5 areas : 1) manufacturing 2) R&D 3) logistics, 4) repair 5) sales.

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