It has been reported that the State Council has issued a decree to establish a new economic zone in Tianjin (i.e. the Tianjin Binhai New Area). Enterprises located in the area may enjoy certain tax incentives such as a reduced corporate income tax rate of 15% for high-tech enterprises and accelerated depreciation of the fixed assets and intangibles.
The Tianjin Binhai New Area includes Tanggou, Hangou, Dagang districten, Tianjin Economic and Technology Development Zone, Tianjin Harbor …