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222: Innovative Living: How Expats Benefit from Special Economic Zones and Private Cities
The Expat Money Show - With Mikkel Thorup
Special Economic Zones - What's Crazy About China?
Over 90 or 92% of Chinese municipalities are either inside a special economic zone or have a zone inside them. They recently just made the whole island of Hainan into a zone, the entire place. So they have not only stuff for business, but also for tourism and for people living there. The personal income tax rate now is reduced to 15%.
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