Landmark industrial park in Guangxi

Favorable policies

To encourage trade and investment, the park has issued a series of favorable policies and incentives for companies from home and abroad.

That is evident in its land supply policy, in which the local government plans land use for enterprises in the park on an annual basis.

The park's quota for sea use will be allocated according to enterprises' different demands.

In the case of farmland for the park's construction, Guangxi authorities will arrange quotas for use and compensation.

The standard transfer price of industrial land in the park is 96,000 yuan per mu, or 666 square meters.

Discounts of 10 to 50 percent on land priced are now available for overseas and local businesses. During the construction period, enterprises in the park are exempted from all administrative fees except for charges paid to the Central and Guangxi governments.

Service fees will be charged at the lowest standards. From 2013 to 2020, tax for self-used land and housing are exempted for companies in the fields of logistics, finance, conference and exhibition, tourism, sports and health care.

Historical agreement

On April 28, 2011, former premier Wen Jiabao and the Malaysian Prime Minister Najib Tun Razak reached consensus to build the park.

During the 8th China-ASEAN Expo, Wen and Najib witnessed the signing of the project and unveiled it on Oct 21, 2011.

On March 26, 2012, the State Council of China approved the construction of the park.

On April 1, 2012, Wen and Najib both attended the official launching ceremony and laid the foundation stone.

On Feb 5, 2013, Jia Qinglin, then chairman of the National Committee of the Chinese People's Political Consultative Conference, and Prime Minister Najib attended the opening ceremony of Malaysia-China Kuantan Industrial Park, a "twin park" to the China-Malaysia Qinzhou Industrial Park.

The "Two Countries, Twin Parks" model is unprecedented in terms of international cooperation in China.