State Council of the People's Republic of China

“ To bring into China reporting equipment duty free for their own use, foreign journalists should apply for the Equipment Confirmation Letter at Chinese embassies or consulates and present the Equipment Confirmation Letter together with a J-2 visa when going through customs inspection. Foreign journalists who hold Olympic Identity and Accreditation Cards and Paralympic Identity and Accreditation Cards may present the Equipment Confirmation Letter issued by the Organizing Committee of the 29th Olympic Games when going through customs inspection. ”

“ Article 11 The importation of building materials, production and managerial equipment as investment of an enterprise whose establishment has already been approved, the importation of raw materials, accessories and parts, packaging materials and other materials and items required for production and operation, and the importation of means of transport and office equipment for enterprise's own use, are to be examined and approved by the People's Government of Hainan Province itself. ”

“ Upon approval, the said reporter or group shall go through the procedures for visas at a Chinese embassy or consulate abroad or a visa-issuing organ authorized by the Foreign Ministry.
A foreign reporter or journalist group that is to visit China at the invitation of a Chinese organization for short-term news coverage shall apply for visas at a Chinese embassy or consulate abroad or a visa-issuing organ authorized by the Foreign Ministry on presentation of the invitation letter or cable. ”

“ Investors from other parts of China shall be free to remit their profit earnings from the enterprises on the Island. And no retroactive income tax shall be levied on the profit earnings remitted to other parts of China within ten years beginning from the first profit-making year. ”

“ Investors from abroad who reinvest the profit they earn from their enterprises within the Island, for a period of not less than five years shall enjoy a reimbursement of 40 percent of the income tax paid on the amount to be reinvested, and 100 percent of the income tax already paid on the amount to be reinvested shall be reimbursed if the investors elect to reinvest their profit earnings in the construction of infrastructure and agricultural development enterprises, export-oriented and technologically - advanced enterprises within the Island. ”

“ Products manufactured by the aforesaid enterprises and to be marketed to other parts in China, may be sold by enterprise themselves, except for products whose importation is restricted by the State and which are subject to approval in accordance with the relevant regulations of the State. ”

“ Article 16 The State encourages enterprises on Hainan Island to export their manufactured products. Products manufactured by enterprises to be exported shall be exempt from export duties, and product tax or value- added tax already collected thereon shall be reimbursed, except for crude and refined oil, as well as a few other products specifically designated by the State. ”