China's  Ministry of Finance and the State Administration of Taxation have issued a notice regarding a reduced corporate income tax (CIT) rate of 15% in three economic areas/zones. The standard rate of CIT is 25%.

The three zones include:

• Hengqin New Area - located in the Zhuhai Special Economic Zone in Guangdong Province
• Pingtan - the provincial capital of Fujian,  located n…