Foreign investors in China's central regions can now enjoy favorable tax policies, said a senior official with the State Administration of Taxation.

SAT Deputy Director Wang Li told the First Central China Investment and Trade Expo in Changsha, Hunan Province, that if foreign investors reinvested the profits generated from their businesses in China in other enterprises in the country or raised their registered assets for at least five years, the government would give a 40 percent rebate on taxes paid on the reinvested capital.

(For more biz stories, please visit Industry Updates)