A view of the Lujiazui financial district in the Pudong area of Shanghai from the Huangpu river that cuts through the city. Photo: Xinhua A view of the Lujiazui financial district in the Pudong area of Shanghai from the Huangpu river that cuts through the city. Photo: Xinhua
A view of the Lujiazui financial district in the Pudong area of Shanghai from the Huangpu river that cuts through the city. Photo: Xinhua

China grants tax breaks, policy leeway to turn Shanghai into powerhouse for AI, chips, planes and pharmaceuticals

  • Key companies will enjoy a corporate income tax of 15 per cent, nearly halved from a rate of 25 per cent
  • Guideline will boost the morale of local businesspeople and foreign investors who hope to tap the country’s vast market, analyst says

Topic |   Shanghai free-trade zone
A view of the Lujiazui financial district in the Pudong area of Shanghai from the Huangpu river that cuts through the city. Photo: Xinhua A view of the Lujiazui financial district in the Pudong area of Shanghai from the Huangpu river that cuts through the city. Photo: Xinhua
A view of the Lujiazui financial district in the Pudong area of Shanghai from the Huangpu river that cuts through the city. Photo: Xinhua
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