Nanning enjoys obvious policy superposition advantages. The implementation of “Guangxi Beibu Gulf Economic Zone Development Scheme”, “Pearl River-Xijiang River Economic Belt Development Scheme”, “Plan for Yunnan and Guangxi to Build a Pilot Zone for Border Financial Reform” and “Revitalization Scheme for the Old Revolutionary Base Areas along Zuojiang River and Youjiang River” has been accelerated. The city enjoys the multiple policy dividends in regions such as regional ethnic autonomy, the development of the western region, opening up along the coast and along the rivers, the revitalization of the Pearl River-Xijiang River Economic Belt and the old revolutionary base areas, the Beibu Gulf Economic Zone and the construction of the “Belt and Road Initiative”.

1. As for tax policy, enterprises in encouraged industries located in the western region will be subject to a reduced corporate income tax rate of 15%. Eligible enterprises can also enjoy corresponding preferential tax relief policies. Meanwhile, because Nanning is the core city of Guangxi Beibu Gulf Economic Zone, eligible enterprises in the city can be exempted from the local share of enterprise income tax, that is, the enterprise income tax is levied at 9%.