What regions are applied to the policies for China western development

The policies and measures for China western development apply to such regions as Chongqing City, Sichuan Province, Guizhou Province, Yunnan Province, Tibet Autonomous Region, Shaanxi Province, Gansu Province, Ningxia Hui Autonomous Region, Qinghai Province, Xinjiang Uygur Autonomous Region (where the Xinjiang Production and Construction Formation is listed separately), Inner Mongolia Autonomous Region, and Guangxi Zhuang Autonomous Region.

What preferential policies does a foreign investor enjoy when making investment in central or western regions?

Enterprises with foreign investment enjoy following preferential policies:

1. Manufacturing enterprises with foreign investment, whose operation period is over ten years, enjoy an exemption of enterprise income tax for the first two years starting from profit year, and a reduction of 50% on the enterprise income tax from the third year to the fifth year (hereinafter referred to as "Two Exemption, Three Half").

2. When the period of "Two Exemption, Three Half" expires, if the foreign invested enterprise is still recognised as an advanced technology enterprise, it can enjoy a reduction of 50% enterprise income tax, i.e. at rate of 15% for three more years in accordance with the provision of the tax law.

3. When the period mentioned above expired, the tax reductive period could still extend for another three years.