Hainan has recently issued new preferential policies for foreign investments across 22 sectors including agriculture, manufacturing, logistics and tourism, according to Haikou Customs.

According to reports, equipment and spare parts imported by foreign investors for their own use may be exempted from tariffs and import linkage tax.

The move comes in response to efforts by the Chinese government to encourage foreign businessmen to invest in the central and western regions of China.

According to Haikou Customs, foreign investment in the projects listed in the "Priority Industrial Catalogue of Foreign Investment in the Central and Western Region" enjoy preferential policies. 

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