Newly-established enterprises are exempted from income tax within 3 years from the date of production. Foreign investing for a period of more than ten years will be exempt from income tax in the first two years and exempted half in the third year from the time the enterprise begins making a profit. 
     The new industrial project with fixed assets of over 10 million will benefit from a favourable financial tax policy: 50% of VAT paid to local government will be returned to the company within a period of 5 years.
     Each county's Development Zone has further attractive financial tax policies to encourage investment.