Preferential Tax Policies in the Enterprise Income Tax Law

¡¡¡¡1. The corporate income tax from projects of farming, forestry, animal
¡¡¡¡husbandry, and fishery of an enterprise shall be exempted or reduce...

China-Malaysia Qinzhou Industrial Park (QIP)

¡¡¡¡April 28 of 2011 was the 20th anniversary of the establishment of China-ASEAN dialogue relations. Wen Jiabao, Premier of the State Council of ...


Brief Introduction

¡¡¡¡April 28 of 2011 was the 20th anniversary of the establishment of China-ASEAN dialogue relations. Wen Jiabao, Premier of the State Council of China (SCC), visited Malaysia, reaching an agreement on the joint establishment of QIP with Najib Razak, Prime Minister of Malaysia on that day. On October 21 of 2011 during the period of the 8th China-ASEAN Expo, Wen and Najib witnessed the signing of QIP cooperation document between the Ministry of Commerce of China and the Ministry of International Trade and Industry of Malaysia, and unveiled the nameplate of QIP. On March 26 of 2012, SCC approved to establish QIP. On April 1 of 2012, Wen and Najib attended the launching ceremony of QIP and laid a foundation for it. On February 5 of 2013, Jia Qinglin, chairman of the National Committee of the Chinese People's Political Consultative Conference, together with Najib attended the launching ceremony of Malaysia-China Kuantan Industrial Park (MCKIP) in Kuantan, Malaysia. The mode of ¡°Two Nations with Twin Parks¡± initiated the precedent of international cooperation of China¡¯s parks.
¡¡¡¡QIP is the first park jointly established by the governments of China and Malaysia. It is also the third park that established by the governments of China and foreign countries, next to China-Singapore Suzhou Industrial Park and Sino-Singapore Tianjin Eco-City. China and Malaysia jointly establish parks, which reflects their active attempts in deepening investment cooperation and building China-ASEAN cooperation demonstration zones after the establishment of the China-ASEAN Free Trade Area, fully expressing their hopes of expanding and promoting the economic and trade relations. The establishment of QIP deepens the strategic partnership between China and Malaysia, enriches the content of economic and trade cooperation between China and ASEAN states and strengthens both sides¡¯ influences in cooperation. What¡¯s more, QIP will become a new platform, power and highlight for servicing and promoting the sustainable development of China-ASEAN cooperation.
¡¡¡¡QIP is adjacent to Guangxi Qinzhou Free Trade Port Area and National Qinzhou Port Economic-Technological Development Area. Its planning area is 55 km2 and the planning population is 500,000. It will generally set functional areas of industry, science and technology R&D, supporting service and residence. The construction of QIP is divided into 3 phases. In the first phase, 15 km2 need to be completed, in which the launching area accounts for 7.87 km2. Aimed at building the China-ASEAN cooperation demonstration zone¡ª¡°China-Malaysia Manufacturing Area and Win-win Demonstration Zone¡±, QIP is oriented to ¡°advanced manufacturing base, information and wisdom corridor, new cultural and ecological town, and cooperation and exchange window¡±, which develops 6 leading industries, including equipment manufacturing, electronic information, food processing, materials and new materials, biotechnologies and modern services. QIP is open to ASEAN states and foreign enterprises around the world. It is a good platform for them to have a deeper communication and exchange. According to the principle of ¡°government supporting and enterprises operating¡±, the functions of the government were separated from those of enterprises in the development of QIP. With the goal of ¡°cooperative development, global investment, benefits sharing and common development¡±, enterprises from China and Malaysia jointly establish QIP development companies. These companies are managed and operated in accordance with the modern enterprise system, and responsible for the development and construction and investment attracting of QIP.
¡¡¡¡According to the general requirements of ¡°quality shaping, industries and city integrating, mechanism innovating, win-win opening, people enriching in harmony and green ecology¡±, QIP develops the infrastructural construction and industrial project construction, aiming to speed up the perfection of the supporting functions construction of infrastructure. Insisting on the innovation of system and mechanism, QIP shows its bold innovation in cooperation mechanism, management mechanism and policy guarantee. It actively invites 6 leading industries to settle in with high starting point and high standard and will constantly improve the capability and management level of service enterprises. To build the China-ASEAN cooperation demonstration zone, QIP needs to insist on opening-up and cooperation, strengthen the coordination and promote the exchange and cooperation between Chinese and foreign enterprises.

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  • ¡¡¡¡Recently, the Malaysia (Nanning) Edible Bird¡¯s Nest Festival 2018 opened in the South Square of Nanning Hangyang International City. It is the first time that the Malaysian government department has held a promotion event with the theme of edible bird's nest in China.
    ¡¡¡¡Minister of the Ministry of Agriculture and Agro-Based Industry, Malaysia, Ahmed Shabery sent a video from Malaysia to express his warm congratulations on the success of the Edible Bird¡¯s Nest Festival.
    ¡¡¡¡Ambassador of the Malaysian Embassy in China Zainuddin Yahya said in his speech that this Edible Bird's Nest Festival was a large-scale promotion event held in the same place of the Durian Festival which was successfully held last year. It was a feast celebrating the friendly relationship and deep friendship between China and Malaysia. As a featured product in Southeast Asia, the edible bird's nest has always been popular with Chinese consumers, and Malaysia is the second largest producer of bird's nest in the world. The governments of China and Malaysia are currently accelerating the cooperation on the edible bird¡¯s nest industry such as the export of the edible bird¡¯s nest to China. China-Malaysia Qinzhou Industrial Park has also established a complete bird's nest industrial development platform, and Malaysia has been committed to ensuring that the edible bird's nest industry meets standards of the quality and food safety. There were about 30 edible bird's nest companies from Malaysia participating in the Edible Bird's Nest Festival. They not only displayed the genuine Malaysian edible bird's nest products for the Chinese consumers, but also promoted the research, creation and innovation of the middle and lower reaches of the edible bird's nest industry and exerted a positive influence on the cooperation between the two countries on edible bird¡¯s nest industry.

  • ¡¡¡¡Recently, Huang Weijing, Vice Governor of Guangxi and Director of Management Committee of China-Malaysia Qinzhou Industrial Park (CMQIP), held a coordination meeting of 2018 Malaysia (Nanning) Cubilose Festival.
    ¡¡¡¡Gao Pu, Deputy Secretary of Qinzhou Municipal Committee and Executive Deputy Director of Management Committee of CMQIP, reported the preparatory works for the festival and the following work plan. Principals of the Publicity Department of CPC Guangxi Zhuang Autonomous Region Committee, Guangxi Department of Public Security, Guangxi Foreign and Overseas Chinese Affairs Office, Guangxi Food and Drug Administration, and principals of related departments of Nanning Municipal People's Government also put forward their opinions and suggestions.
    ¡¡¡¡Huang pointed out that the festival is of great significance that all relevant departments should take it as an important activity to enhance bilateral exchanges and cooperation in the agricultural field and to enhance the level of economic and trade cooperation between China and Malaysia. All the departments should work together, specify work assignment and perform their duties, taking extraordinary measures to complete all preparatory tasks of the event. Besides, they should make a timetable and actively coordinate with each other to solve the problem timely, so as to ensure the activity carried out smoothly.

  • ¡¡¡¡Recently, Secretary of Qinzhou Municipal Committee and Chairman of the Standing Committee of Qinzhou People's Congress, Wang Gebing investigated the project construction in Binhai New Area. She emphasized that the relevant personnel should plan with science, focus on the key areas, build up a brand and accelerate the construction. They should drive the establishment of the project with the construction and make sure that the development and construction of the Binhai New Area would gain multiple achievements smoothly.
    ¡¡¡¡Wang Gebing required that, the construction of Binhai New Area must be more specified on the development orientation, and focus on the industrial distribution, so as to achieve more scientific, reasonable and effective development and construction. All departments at all levels should act in close coordination, work in unity, communicate all kinds of information, plan with science, focus on the key areas, pay attention to the regional integrated development of the resources in all districts and reasonably plan the construction of the core areas. She added that Qinzhou needs to speed up and grasp the great opportunities brought by the Southward Channel, accelerate the project construction of all districts in Binhai New Area and further improve the construction of the infrastructure. Besides, it needs to make innovations in the systems and mechanisms, list the schedules and assignments, and properly arrange the construction periods of all projects in accordance with their own schedules. What's more, based on the quality and safety of the projects, the related personnel should vigorously promote the construction well and timely.

  • ¡¡¡¡This year, Qinzhou Port achieved a good start in the first month with a throughput of 8.493 million tons. It also broke the record for the highest monthly production with a year-on-year increase of 35.2%. Domestic trade reached 4.446 million tons, with an increase of 24.6% over the same period of last year. The number of containers processed achieved 173,000 TEUs, increasing by 47.9% on a YOY basis, of which 43,000 TEUs were processed in foreign trade, with an increase of 67.1% over the same period of last year. Domestic trade reached 130,000 TEU, with an increase of 42.9% over the same period of last year.
    ¡¡¡¡Thanks to the continuous issuance of the preferential policies of Belt and Road Initiative, the opening and operation of the Southward Passage connecting Chongqing, Guangxi and Singapore, and the implementation of the Great Clearance Policy in Qinzhou, rapid growth of port production has been made possible. At present, there are 30 container shipping lines operated by Qinzhou Port, of which 15 are for foreign trade and 15 for domestic and the transportation channels have been continuously broadened. At the same time, CNPC refinery production runs smoothly and imports more than 900,000 tons of foreign trade crude oil while the dock imports and exports crude oil and refined oil of more than 1.2 million tons.