Post by account_disabled on Dec 26, 2023 21:57:28 GMT -8
Hong Kong is one of the economic centers. and important trade both in China and Asia But in the past few years Efforts by the Chinese authorities to gradually Infiltrated into the management of Hong Kong making Hong Kong people unhappy and there have been many violent protest events. Hainan Island, a city that China plans to build into a new economic center. Image from Shutterstock. The Chinese government therefore plans to create Hainan Island. with an area of approximately 35,000 square kilometers to become a center of free trade and a new economy by 2035.
This free trade center will be larger than C Level Executive List Shenzhen. or Shanghai It will reduce personal income tax collection. and income tax from companies reduced to only 17%, including relaxation of visa measures for tourists. and foreigners who want to come and work in Hainan Island as well. For tourists arriving by boat You can stay in Hainan Island for 15 days without a visa. In the past, Xi Jinping, President of China It has been announced since 2018 that in the future Hainan Island will become the largest free trade area in China. In addition, Hainan has previously sent delegations to Hong Kong, Singapore and Dubai to study the free trade system. Hong Kong, an important commercial center of Asia. Image from Shutterstock.
United States side It is expected that the Chinese government plans to cancel the special trade privileges that Hong Kong has previously received. After plans to impose a new security law on Hong Kong This will affect trade in Hong Kong. People who want to export products to the United States Must be taxed at the same rate as mainland China. In addition to lowering the income tax to just 15%, the Chinese government also plans to exempt Hainan island from import taxes. Especially importing machinery used in the production of vehicles, ships, airplanes, and various raw materials. Including consumer products Investment section The Chinese government plans to simplify the cumbersome permit application process.
This free trade center will be larger than C Level Executive List Shenzhen. or Shanghai It will reduce personal income tax collection. and income tax from companies reduced to only 17%, including relaxation of visa measures for tourists. and foreigners who want to come and work in Hainan Island as well. For tourists arriving by boat You can stay in Hainan Island for 15 days without a visa. In the past, Xi Jinping, President of China It has been announced since 2018 that in the future Hainan Island will become the largest free trade area in China. In addition, Hainan has previously sent delegations to Hong Kong, Singapore and Dubai to study the free trade system. Hong Kong, an important commercial center of Asia. Image from Shutterstock.
United States side It is expected that the Chinese government plans to cancel the special trade privileges that Hong Kong has previously received. After plans to impose a new security law on Hong Kong This will affect trade in Hong Kong. People who want to export products to the United States Must be taxed at the same rate as mainland China. In addition to lowering the income tax to just 15%, the Chinese government also plans to exempt Hainan island from import taxes. Especially importing machinery used in the production of vehicles, ships, airplanes, and various raw materials. Including consumer products Investment section The Chinese government plans to simplify the cumbersome permit application process.