By Li Fangchao
Ocean-going ships flying foreign flags of convenience will be given tax exemptions as an incentive to register in the country, a top official with the Ministry of Communications said Tuesday.
Effective July 1, Chinese-owned ships registered overseas by the end of 2005 will be allowed to register domestically - in Shanghai, Tianjin and Dalian - and exempted from customs duty and import value-added tax for the vessels
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