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OFFICIAL REPLY OF THE STATE COUNCIL CONCERNING THE ESTABLISHMENT OF THE KUNSHAN ECONOMIC AND TECHNOLOGICAL DEVELOPMENT ZONE

    People's Government of Jiangsu Province:

    The Report on the Request for the Listing of the Kunshan Economic and
Technological Development Zone in the Catalogue of National Development Zones,
submitted by your Province, has been received. We hereby make an official
reply as follows:

    The State Council has agreed to establish the Kunshan Economic and
Technological Development Zone, in which the policies, regarding levying the
income tax on enterprises with foreign investment of a production nature in
Economic and Technological Development Zones of open coastal cities at a
reduced rate of 15 percent, shall apply, but in which other policies in
Economic and Technological Development Zones of open coastal cities shall not
be cited as precedents.

    The planned area of the Kunshan Economic and Technological Development
Zone is 10 square kilometers, of which a 5 square kilometers area is to be
developed at the first phase. Its detailed scope shall be verified by the
Special Economic Zones Office under the State Council in consultation with
other relevant departments.