Economy

Tax-free Tianjin zone touted

(China Daily)
Updated: 2011-06-07 14:31
Large Medium Small

Tax-free Tianjin zone touted

Upon approval, the Dongjiang Free Trade Port Zone in Tianjin's Binhai New Area will be transformed into a tax-free island offering rebates to tourists. Other coastal port cities have also prioritized a tax-rebate plan to fuel tourism and their local economies. [Photo/China Daily]

Municipality aims to stimulate local economy through rebates

BEIJING - Tianjin is joining a number of coastal cities, including Shanghai and Shenzhen, that have announced their plans to set up the country's next tax-rebate zone. That's after the tropical Hainan Island was given the green light to provide tax-refunds on products in April.

In the city's three-year plan, the Dongjiang Free Trade Port Zone of Tianjin will be transformed into a tax-free island offering tax refunds to tourists, once its application has been approved, according to Huang Xingguo, mayor of Tianjin, who was quoted in the Securities Daily on Saturday.

The zone, located at Binhai New Area, a government-designated economic zone 45 minutes' drive from downtown Tianjin, is the country's largest bonded port by size.

Related readings:
Tax-free Tianjin zone touted Tianjin Port in talks to set up LNG base
Tax-free Tianjin zone touted Premier Wen urges Tianjin's?new area?to take lead
Tax-free Tianjin zone touted Tianjin Port eyes big expansions
Tax-free Tianjin zone touted Tianjin port to offer homeport service in June

Situated adjacent to Beijing and Tianjin, where consumption is robust, the proposed tax-free zone would be easily distinguishable from non-tax-free areas. It also has existing advantages in logistics and other facilities, Yu Rumin, chairman of the board of Tianjin Port (Group) Co Ltd, told the newspaper.

Tax-free luxury goods available to increasingly affluent Chinese within the country have created many opportunities for tourism and retail services.

China is poised to become the world's largest market for luxury goods by 2020, according to a report from the brokerage and investment group CLSA Asia-Pacific Markets in February. The country will account for 44 percent of global sales over the next decade, up from 15 percent at present, the report said.

Experts believe that tax rebate policies in more designated sites will stimulate domestic demand.

Eyeing the profits from tax-free retail businesses, the country's financial hub Shanghai was reported in May to be working on plans to make its Pudong New Area District a tax-free zone.

Coastal port cities such as Zhoushan in Zhejiang province in the east of the country, and Zhuhai and Shenzhen in Guangdong province in the south, have also prioritized a tax-rebate plan to fuel tourism and their local economies.

Hainan Island, the first province to implement a program of tax rebates, had seen about 40,000 tourists granted rebates on around 150,000 products by May 20.

The island has set a rebate cap on goods priced at no more than 5,000 yuan ($772) for each person for each visit from designated shops.

The policies apply to tourists from both home and abroad who fly on to other destinations in China from the island.

Each traveler can claim a rebate twice a year, while residents of the island can claim once a year.

The program, based on similar programs at Jeju Island in South Korea, and Okinawa, Japan, echoed the State Council's goal to build Hainan into a top international tourism destination by 2020.

分享按鈕
主站蜘蛛池模板: eeuss影院在线观看| 亚洲国产精品嫩草影院久久| 青青草成人影视| 国产精品亚洲一区二区三区| xxxxx做受大片视频免费| 无翼乌全彩无遮挡之老师| 亚洲AV永久无码天堂网| 欧美激情成人网| 人妻少妇乱子伦精品| 精品成在人线av无码免费看| 国产一级黄色录像| 黄录像欧美片在线观看| 国产精品国产免费无码专区不卡 | 男人桶女人羞羞漫画全集| 四虎国产精品永久地址99| 韩国理论片中文字幕版电影| 国产日产欧洲无码视频| 19岁rapper潮水第一集| 国农村精品国产自线拍| a级毛片免费观看视频| 好男人视频网站| 中国老熟妇xxxxx| 护士系列sdde221取精| 久久久久免费看黄a级试看| 被黑人猛躁10次高潮视频| 国产猛男猛女超爽免费视频| 东北壮汉gayxxxvideo| 日本免费人成视频播放| 久久精品99久久香蕉国产色戒 | 国产午夜无码视频免费网站| 国产叼嘿久久精品久久| 国产男女猛视频在线观看| 香蕉视频在线网址| 国产精品成人h片在线| 2021国产精品视频网站| 国产香蕉一区二区在线网站| 99久久人人爽亚洲精品美女| 夜夜夜精品视频免费| 99视频精品全部在线观看| 天天干天天干天天操| av毛片免费看|