Pingtan released a catalogue for overseas investments and some related documents that streamline the approval process for foreign investments.
A boom in a variety of businesses is expected in Pingtan after the implementation of a more favorable tax policy for enterprises.
Many Taiwan entrepreneurs are hailing a sensational policy that gives an 85 percent income tax cut to qualified enterprises in Pingtan.
The news that qualified enterprises in the Pingtan Comprehensive Pilot Zone can get an 85-percent deduction in income tax has made media headlines.
Qualified enterprises in the Pingtan Comprehensive Pilot Zone (PCPZ) will be levied a reduced income tax of 15 percent for the next seven years.
A seller on Taobao.com recently reached an agreement with a local supermarket to launch a chocolate delivery service in Pingtan.
The Pingtan Comprehensive Pilot Zone expects to attract investment totaling as much as $1.75 billion at the 17th China International Fair for Investment and Trade in Xiamen city.
The number of firms in the Pingtan Comprehensive Pilot Zone with overseas direct investment reached 100 by Sept 14.
