“The western region initially planned to double the total economic output of the western region in 2015 than in 2008. What is the concept? In the coming years, the economic growth rate in the western region must be maintained at more than 10%.†July 8 On the same day, Du Ying, deputy director of the National Development and Reform Commission, stated at the launch of the new country office.
The just-concluded Western Conference on Development agreed that the state plans to start 23 major new projects for western development this year, with a total investment of 682.2 billion yuan, which is more than one-third of the total investment in the past 10 years.
Regarding where the money came from, Du Ying explained, “From a financing structure point of view, the central government’s investment is only a small part. In the past ten years, the fixed assets investment in the western region was nearly 20 trillion yuan, and the central government’s investment was less than 900 billion yuan. In the future, we must also formulate some policies that encourage social capital to invest in the west, especially credit funds, and increase policy support for direct financing and indirect financing to form a diversified investment pattern.â€
At the same time, Du Ying said that in order to adapt to the general trend of international and eastern industrial transfer, a differentiated land policy will be further implemented in the new round of western development.
Appropriate expansion of western wasteland utilization indicators Tong Xiaoping, deputy mayor of Chongqing Municipality, said at the press conference of the National Office for Newcomers that in the next decade of Western Development, several inland open highlands will be built in the western part of the country to guide the country’s strategy. Next, since last year, the State Council approved the Chongqing Nanlu Cuntan Bonded Port Area and Xiyong Comprehensive Bonded Zone. In May this year, the State Council approved the third new district, Chongqing Liangjiang New Area. Among them, the planned area of ​​Liangjiang New Area is roughly 1200 square kilometers.
With the large-scale development of various industrial parks in the western region, land will become another major bottleneck beyond capital.
In this regard, Du Ying said that the western region will mainly enjoy two special features in its land policy: First, when it plans to arrange land annual plans, it will tilt to the west, and appropriately expand the use of indicators such as barren hills, sand land, and Gobi in the western regions. The second is the industrial economic zone in the western region, including industrial development zones, etc. The benchmark land price for industrial land can be appropriately reduced. The specific measures are decided by relevant departments. “These two policies are of great significance for the new round of large-scale development of the western region, because the biggest difference between the western and eastern regions is how to make the industry take root. There is no doubt that these two policies are critical.†Tsinghua University Regional and Urban Studies Director Shi Zulin told reporters.
Xu Fengxian, a researcher at the Institute of Economic Research of the Chinese Academy of Social Sciences and a regional economics researcher, gave an example to reporters: “Land use in the western region has been limited by the state. Industrial land in Xinjiang and Gansu is 80,000 yuan per mu, while the industrial area in the east The land price for land use is 80 million to 110 million yuan per mu, and the reduction in the benchmark land price for industrial land greatly reduces the cost of enterprise development, reduces the capital expenditure for enterprise investment, and is conducive to attracting foreign and eastern enterprises to invest in the west.
However, Du Ying emphasized at the same time that “many people and less land are the basic national conditions of China after all, so the Western Region, like other regions, must earnestly implement a strict land use system and a strict land protection system.â€
The Catalogue for Tax-Reducing Industries is preparing "There are two major problems facing China's future economic development: First, can we always insist on expanding domestic demand as a strategic foundation for the long-term development of the national economy, and second, can we solve the hard constraints on resources and the environment well? Undoubtedly, both of these aspects highlight the advantages of the western region's abundant strategic resources and huge market potential, said Du Ying.
According to the decision of the State Council’s Western Development Conference, enterprises in the western region that are encouraged by the state are taxed at a reduced rate of 15%.
In fact, this preferential tax policy has already been implemented during the past ten years of the development of the western region. This time it can be said that it is a continuation of the preferential policy and the external environment has changed.
Du Ying stated that since January 1, 2008, we have unified the income tax rate of domestic and foreign-funded enterprises, and the tax rate has been unified from 33% to 25%. With the country’s preferential income tax policies basically all canceled, the central government continues to impose income tax on the western region. The preferential policies reflect the determination of the central government to support the development of the western region. The western region can benefit a lot from this policy.
At present, the National Development and Reform Commission is working with relevant departments in accordance with the requirements of the Central Government to compile the Catalogue of Encouraged Industries in the Western Region. Industries entering the directory will be subject to a corporate income tax rate of 15%.
According to Xu Fengxian, the renewable energy industry, eco-agriculture, competitive agriculture, special tourism industry, infrastructure construction industry, ecological environmental protection industry, supporting facilities industry, education, scientific and technological undertakings, defense industry, and rare metal mining industries are expected to enter Encourage industry categories.
However, he stressed that due to the low level of economic development in the western region, the support of the key areas will be increased during the second phase of the development of the western region, including the ecological and environmental protection industries, new energy industries, new energy facilities, and infrastructure facilities. In addition, the education industry that cultivates high-tech talent will also be encouraged.
Regarding the reform of the resource tax, Du Ying said that the tax rate for the current pilot project is 5%, which is only piloted in Xinjiang and will be gradually promoted throughout the country. The tax rates for different resource products may be different. This reform will significantly increase local fiscal revenue for the western regions where strategic resources are affluent.
As for when the resource tax pilot will be promoted nationwide, Du Ying said, "The relevant programs are still under study."
The just-concluded Western Conference on Development agreed that the state plans to start 23 major new projects for western development this year, with a total investment of 682.2 billion yuan, which is more than one-third of the total investment in the past 10 years.
Regarding where the money came from, Du Ying explained, “From a financing structure point of view, the central government’s investment is only a small part. In the past ten years, the fixed assets investment in the western region was nearly 20 trillion yuan, and the central government’s investment was less than 900 billion yuan. In the future, we must also formulate some policies that encourage social capital to invest in the west, especially credit funds, and increase policy support for direct financing and indirect financing to form a diversified investment pattern.â€
At the same time, Du Ying said that in order to adapt to the general trend of international and eastern industrial transfer, a differentiated land policy will be further implemented in the new round of western development.
Appropriate expansion of western wasteland utilization indicators Tong Xiaoping, deputy mayor of Chongqing Municipality, said at the press conference of the National Office for Newcomers that in the next decade of Western Development, several inland open highlands will be built in the western part of the country to guide the country’s strategy. Next, since last year, the State Council approved the Chongqing Nanlu Cuntan Bonded Port Area and Xiyong Comprehensive Bonded Zone. In May this year, the State Council approved the third new district, Chongqing Liangjiang New Area. Among them, the planned area of ​​Liangjiang New Area is roughly 1200 square kilometers.
With the large-scale development of various industrial parks in the western region, land will become another major bottleneck beyond capital.
In this regard, Du Ying said that the western region will mainly enjoy two special features in its land policy: First, when it plans to arrange land annual plans, it will tilt to the west, and appropriately expand the use of indicators such as barren hills, sand land, and Gobi in the western regions. The second is the industrial economic zone in the western region, including industrial development zones, etc. The benchmark land price for industrial land can be appropriately reduced. The specific measures are decided by relevant departments. “These two policies are of great significance for the new round of large-scale development of the western region, because the biggest difference between the western and eastern regions is how to make the industry take root. There is no doubt that these two policies are critical.†Tsinghua University Regional and Urban Studies Director Shi Zulin told reporters.
Xu Fengxian, a researcher at the Institute of Economic Research of the Chinese Academy of Social Sciences and a regional economics researcher, gave an example to reporters: “Land use in the western region has been limited by the state. Industrial land in Xinjiang and Gansu is 80,000 yuan per mu, while the industrial area in the east The land price for land use is 80 million to 110 million yuan per mu, and the reduction in the benchmark land price for industrial land greatly reduces the cost of enterprise development, reduces the capital expenditure for enterprise investment, and is conducive to attracting foreign and eastern enterprises to invest in the west.
However, Du Ying emphasized at the same time that “many people and less land are the basic national conditions of China after all, so the Western Region, like other regions, must earnestly implement a strict land use system and a strict land protection system.â€
The Catalogue for Tax-Reducing Industries is preparing "There are two major problems facing China's future economic development: First, can we always insist on expanding domestic demand as a strategic foundation for the long-term development of the national economy, and second, can we solve the hard constraints on resources and the environment well? Undoubtedly, both of these aspects highlight the advantages of the western region's abundant strategic resources and huge market potential, said Du Ying.
According to the decision of the State Council’s Western Development Conference, enterprises in the western region that are encouraged by the state are taxed at a reduced rate of 15%.
In fact, this preferential tax policy has already been implemented during the past ten years of the development of the western region. This time it can be said that it is a continuation of the preferential policy and the external environment has changed.
Du Ying stated that since January 1, 2008, we have unified the income tax rate of domestic and foreign-funded enterprises, and the tax rate has been unified from 33% to 25%. With the country’s preferential income tax policies basically all canceled, the central government continues to impose income tax on the western region. The preferential policies reflect the determination of the central government to support the development of the western region. The western region can benefit a lot from this policy.
At present, the National Development and Reform Commission is working with relevant departments in accordance with the requirements of the Central Government to compile the Catalogue of Encouraged Industries in the Western Region. Industries entering the directory will be subject to a corporate income tax rate of 15%.
According to Xu Fengxian, the renewable energy industry, eco-agriculture, competitive agriculture, special tourism industry, infrastructure construction industry, ecological environmental protection industry, supporting facilities industry, education, scientific and technological undertakings, defense industry, and rare metal mining industries are expected to enter Encourage industry categories.
However, he stressed that due to the low level of economic development in the western region, the support of the key areas will be increased during the second phase of the development of the western region, including the ecological and environmental protection industries, new energy industries, new energy facilities, and infrastructure facilities. In addition, the education industry that cultivates high-tech talent will also be encouraged.
Regarding the reform of the resource tax, Du Ying said that the tax rate for the current pilot project is 5%, which is only piloted in Xinjiang and will be gradually promoted throughout the country. The tax rates for different resource products may be different. This reform will significantly increase local fiscal revenue for the western regions where strategic resources are affluent.
As for when the resource tax pilot will be promoted nationwide, Du Ying said, "The relevant programs are still under study."
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