11. The China Securities News said Li recommended that China stop relying on tax breaks and other preferential policies and find other ways to attract foreign funds. 12. The government plans to encourage the use of preferential policies, including matching funds and lower taxes, to attract foreign funds for agriculture. 13. The report did not specify what preferential policies would be granted to companies specializing in advanced technology. 14. Foreign-invested enterprises in China can continue to enjoy preferential policies on turnover and corporate taxes, a newspaper reported on Monday. 15. In addition, he said, certain preferential policies previously applicable to them in coastal areas would now be extended to all enterprises nationwide. 16. In order to attract foreign investment, Zhang outlined a series of preferential policies for coal projects utilising overseas funding, including income tax breaks and speedy government approval. 17. A Chinese economist urged the government Sunday to abolish preferential policies that focus large quantities of foreign funds on coastal regions, calling for unified national treatment of investors. 18. The news of the preferential policies comes amid reports of anger in overseas chemical firms over new Chinese environmental regulations that allegedly discriminate against foreign companies. 19. The Shanghai Securities News said the move meant that listed companies would enjoy preferential policies and conditions in raising capital, issuing shares and restructuring their assets. 20. Unable to provide the necessary investment itself, the central government offered the SEZs preferential policies to enable them to attract capital. |