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BEIJING Wholesale Auburn Tigers Jerseys , Dec. 28 (Xinhua) -- China's Ministry of Finance (MOF) said Thursday it will exempt foreign companies from paying provisional withholding income tax on profits they re-invest in the country.


The news comes as the Chinese government is moving to attract foreign investors after a host of countries unveiled similar measures to lure foreign and domestic investment.


Foreign companies play an increasingly important role in boosting China's economy and promoting industrial and technological upgrades. The new policy will provide a better environment for foreign companies in the long-run, encourage them to continuously expand investment in China and boost win-win cooperation, the MOF said on its website.


The exemption is effective from January 1, 2017, meaning taxes paid this year will be refunded.


Foreign companies must meet a string of conditions to be eligible for the exemption Wholesale Alabama Crimson Tide Jerseys , including direct investment into sectors encouraged by the Chinese government, and investment returns must be transferred directly to invested companies.


Countries are competing to attract foreign investment with a mixture of incentives including tax cuts and easier market access.


Spokesman of China's Ministry of Commerce (MOC) Gao Feng said earlier this month that China will remain a popular destination for foreign investment, due to economic stability, market potential and further opening up.


"Tax policy is an important factor in investment decisions, but it is not necessarily a decisive one Cheap Wisconsin Badgers Jerseys ," he said. "Economic stability, market potential and business environment of the target country are also important factors for investors to consider."


China implemented a revised foreign investment catalogue earlier this year, which relaxed restrictions on foreign investment in a number of industries.


Next year, a negative list approach to market entry, which states the sectors and businesses that are off limits to foreign investment Cheap West Virginia Mountaineers Jerseys , will be expanded nationwide.


Foreign direct investment (FDI) into the Chinese mainland rose 9.8 percent year on year to reach 803.62 billion yuan (around 122 billion U.S. dollars) in the first 11 months, faster than the 1.9-percent year-on-year increase registered in the first 10 months, according to data from the MOC.



Damaged vehicles are seen at the blast site in southwest Pakistan's Quetta, on Dec. 17, 2017. At least eight people were killed and 44 others injured in a suicide attack at a church in Pakistan's southwest provincial capital of Quetta on Sunday Cheap Usc Trojans Jerseys , hospital sources told Xinhua. (XinhuaIrfan) A soldier stands guard at an attacked church in southwest Pakistan's Quetta, on Dec. 17, 2017. At least eight people were killed and 44 others injured in a suicide attack at a church in Pakistan's southwest provincial capital of Quetta on Sunday, hospital sources told Xinhua. (XinhuaIrfan)

ISLAMABAD, Dec. 17 (Xinhua) -- At least eight people were killed and 44 others injured in a suicide attack at a church in Pakistan's southwest provincial capital of Quetta on Sunday Cheap Ucla Bruins Jerseys , hospital sources told Xinhua.


Waseem Baig, spokesperson for a civic hospital, told Xinhua through telephone that eight people were killed and 44 others injured in the suicidal blast in Quetta.


Local reports said that the death toll may further rise as nine were in critical conditions, and that about 10 to 15 kg of explosives were used in the attack.


Interior Minister of the country's southwest Balochistan Province Sarfraz Bugti said that a group of four terrorists attacked the bethel memorial methodist church located at the Zarghoon Road area of Quetta, the provincial capital of Balochistan.


Bugti said one of the suicide bombers was shot dead by police guards at the main entrance of the church before he could detonate his explosives vest while the second one blew himself up outside of the church wall after he got injured in police firing Cheap Texas Longhorns Jerseys , and that no attacker could enter the church premises.


Earlier, Bugti said that one of the attackers managed to enter the church and blew himself up.


Following the retaliatory fire from police, two of the attackers managed to run away from the site, the interior minister said, adding that the forces have cleared the church and are conducting clearance operation in nearby areas.


At the time of attack around 500 people were offering their prayers in the church.


A state of emergency has been declared in all the hospitals of the city. Following the attack Cheap South Carolina Gamecocks Jerseys , rescue teams, security forces and police rushed to the site and shifted the bodies and injured to the hospitals.


A high security alert has been declared in the Quetta district.


Deputy Inspector General of Police Abdul Razzaq said that if security forces had not acted in a timely manner, the number of causalities could have been more, and that it was a successful operation.


Pakistani Prime Minister Shahid Khaqan Abbasi condemned the attack and directed the authorities concerned to provide the best available medical treatment to the wounded people.


No group has claimed responsibility for the attack yet.



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