Encourage Foreign Investment in Industries
For those projects in line with the planning of the old industrial bases in northeast China and being able to promote the development of competitive industries and improve the industry chain, foreign investment is allowed and relevant policies encouraging foreign investment are available.
For the major foreign-invested projects in the state's key development industries covering equipment manufacturing industry, petroleum chemical industry, metallurgical industry, and others, capital ratio can be reduced and foreign ownership can be widened properly upon approval.
The foreign-invested enterprises identified as high-tech enterprises, may enjoy the same policies as the and similar enterprises set up in the National Hi-Tech Industrial Development Zone.
Encourage multinational companies to set up wholly-owned or jointly-funded research and development centers with local enterprises, research institutes, colleges and universities; besides the provide preferential policies, its imported supplies, reagents, prototypes, and samples are exempted from the tariffs and import-related value-added tax; the technical income obtained from service for technology transfer, technical training, technical consulting, technology service, and technology contracting in various industries are exempted from corporate income tax as the domestic technical research institutions .
The foreign investors invest in laboratory construction of research and development centers will be given one-time grant funds according to 25% of the investment fund.
Foreign investment in the resource-exhausted cities enjoys the policies in the coastal special economic zone. In productive forces distribution of major projects, priority will be given to comprehensive utilization, intensive processing, and alternative industries propitious to exert resources-exhausted city resources, talents, and advantages of the existing production capacity; foreign investment in these projects, upon approval, enjoys relevant policies as foreign investment projects encouraged.