上海
China will encourage foreign companies to expand reinvestment in the country and step up efforts to attract foreign-funded research and development centers, according to a new action plan jointly issued by the Ministry of Commerce, the National Development and Reform Commission, and the Ministry of Finance.
The plan calls for full implementation of tax incentives that allow overseas investors to reinvest distributed profits in China and for more foreign-funded reinvestment projects to be included in major and key foreign investment project lists, broadening policy support and services.
Authorities also pledged to improve support policies for foreign-funded R&D centers, facilitate the recruitment of high-level foreign talent, and support the establishment of open innovation platforms, training bases and new types of research institutions.
The plan further calls for stronger support for the commercialization of innovation outcomes and continued tax incentives for eligible imported scientific research equipment and supplies.
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