Kiwa Bio-Tech Products Group Corp (fka KWBT)

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Catalogue for Encouraged Industries in the Western Regions

Reduced application of chemical fertilizers and commitment to protect farmland.

Rural developments during the 13th Five-Year Plan (2016-2020)
"the application of fertilizers and agrochemicals moved into negative growth territory for four consecutive years."

"We will guard the red line of 1.8 billion mu (120 million hectares) of arable land and ensure the 1.55 billion mu of farmland to mainly produce crops, vegetables and fruits," Tang said, adding that "we will fully protect and utilize rich black soil area in northeastern China."

http://english.www.gov.cn/news/videos/202102/23/content_WS6034a901c6d0719374af9545.html

"On January 26, 2021, the National Development and Reform Commission (NDRC) published the Catalogue for Encouraged Industries in the Western Regions (2020 Edition) (“Western Region Encouraged Catalogue”), to be implemented from March 1, 2021 and to replace the 2014 Edition.

Unlike the Encouraged Catalogue for Foreign Investment (FI Encouraged Catalogue), which only applies to foreign-invested enterprises (FIEs), the Western Region Encouraged Catalogue, in principle, is applicable to both domestic and FIEs in the western regions of China.

Eligible foreign and domestic companies registered in the western regions can enjoy a reduced corporate income tax (CIT) rate of 15 percent (China’s standard CIT rate is 25 percent). To enjoy this preferential CIT rate, the company’s main business must fit into the encouraged categories and its main business revenue must account for at least 60 percent of its total business. This preferential policy will last at least until the end of 2030, according to the Announcement about Continuing to Implement Preferential Corporate Income Tax Policies for Western Development.


The western regions include 12 provinces – Inner Mongolia, Guangxi, Chongqing, Sichuan, Guizhou, Yunnan, Tibet, Shaanxi, Gansu, Qinghai, Ningxia, and Xinjiang, which cover more than 70 percent of the country’s land area and have nearly a third of its population."

https://www.china-briefing.com/news/investing-in-chinas-western-provinces-how-to-read-the-new-encouraged-catalogue/