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Qamdo Offers Preferential Policy for Attracting Investment
Qamdo Prefecture of Tibet Autonomous Region recently adopted major measures for participating in the massive western region development and offered a 49-article preferential policy for luring investment.
Located in the east of the Tibet Autonomous Region, Qamdo is the area joining the Tibet Autonomous Region with Sichuan, Yunnan and Qinghai provinces. The prefecture covers 108,600 square km and has a population of about 600,000.
To participate in west China development and accelerate economic growth, Qamdo Administrative Office has decided to introduce external investment to the fields of transportation, communication, energy, trade services, finance and insurance, education and health, national industry, etc. It has published 49-article preferential policies in light of the eight preferential policies made by the central government for Tibet in the aspects of finance, banking, investment, foreign trade, agriculture and animal husbandry, and rural policies.
The 49-article preferential policies include 13 taxation policies, six foreign trade polices, eight land polices, four financial policies and 18 insurance, reward and enterprises registration policies, respectively dealing with infrastructure construction and management, comprehensive development and processing of agriculture, animal husbandry and forestry products, SOE incorporation and renovation, tourism lines and scenic-area construction, development and processing of medicinal resources, and real estate development.
Sources say that the above preferential policies will remain basically unchanged during the implementation of the massive western region development.
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