Hebei: Last year the property development completed the investment to grow nearly 40% compared to the same period

Other day New China net Shijiazhuang on February 17 special news (by Cao Guochang) the Hebei house and real estate industry association issued the news said that in 2009, the Hebei property development completes to invest 151.72 billion Yuan, grows 39.9% (nation to grow 16.1% compared to the same period compared to the same period); And, commodity housing completes to invest 121.83 billion Yuan, grows 41.9% (nation to grow 14.2% compared to the same period compared to the same period).

In 2009, the Hebei province real estate produces the development purchase earth 20.266 million square meters, grows 4.1% compared to the same period, Shijiazhuang, Zhangjiakou, Langfang, Cangzhou and Handan five cities reduces compared to the same period few, its his six cities compared to the same period grow, its Hengshui grows 208.7% compared to the same period; The entire province becomes the earth to develop 11.252 million square meters, reduces few 19.8% compared to the same period, receives German and Qinhuangdao island, Langfang and Hengshui four cities grows compared to the same period, its Chengde grows 226.1% compared to the same period, its his seven cities compared to the same period reduce few.

The statistical figure demonstrated that the going year Hebei province real estate produces the development arriving fund 184.24 billion Yuan, grows 49.4% compared to the same period; The, the silver good loan 25.84 billion Yuan, grow 69% compared to the same period; The enterprise self-provides the fund 89.16 billion Yuan, grows 57.7% compared to the same period; Presses personally uncovers to loan 18.22 billion Yuan, grows 106.4% compared to the same period.

Entire province commodity apartment new operation area 68.041 million square meters, grow 80.5% compared to the same period; The, the commodity housing new operation area 58.323 million square meters, grow 75.7% compared to the same period. The entire province commodity apartment completed residential area 18.964 million square meters, grow 14% compared to the same period; The, the commodity housing completed residential area 16.394 million square meters, grow 9.2% compared to the same period.

The commodity apartment sale and price aspect, the entire province commodity apartment sale area 28.491 million square meters, grow 27.7% compared to the same period; And commodity housing sale area 27.081 million square meters, grow 27.2% compared to the same period. The commodity apartment sells the area, various cities compared to the same period grow, Qinhuangdao grows 51.6% compared to the same period.

Entire province commodity apartment average selling price 3306 Yuan/square meter, grows 19% compared to the same period; The, residential building average selling price 3255 Yuan/square meter, grows 18.7% compared to the same period. Commodity apartment average selling price, various cities compared to the same period grow.

The commodity apartment vacant aspect, the entire province commodity apartment vacant area 3.792 million square meters, reduce few 11.7% compared to the same period. The, vacant below one year treating sells the commodity apartment 1.755 million square meters, accounts for the vacant commodity apartment proportion is 46.3%, the residential building vacant 29.8 0.9 square meters, reduce few 6.9% compared to the same period. (This article originates: New China net)

Yunnan Pinchuan forest-fire Yu Huo is suppressed

New China net Kunming, February 17 – (by Li Qian, Ji Zhe huge mythical bird) reporter “2.16” forest-fire handles the province group to find that from Yunnan Dali Bai Nationality Autonomous Prefecture Binchuan County, the centipede mountain on 16th had the forest-fire, passes through the relevant personnels to save goal furiously, 3:40 Yu Huo is suppressed to 17th.

On February 16 about 12:30, Binchuan County east mountainous area Zhong Yingxiang and Pingchuan Town intersection point centipede mountain had a forest-fire. After the disaster situation occurred, Zhong Yingxiang the forestry station and Pingchuan Town forestry stands immediately organizes 60 people to carry on to save goal. In saving goal in the process, is excessively fierce, wind direction to be too chaotic because of fire intensity, causes Pingchuan Town crew member to be sieged by the fire, about 17:20, Pingchuan Town Zhou Yegui, Yang Xuelei, Dong Xingwei 3 forest protection personnels to shield other members shifted safely died.

After receiving a telegram, after Yunnan, Dalizhou and Binchuan County county leader and relevant authority person in charge person and operator personnels also swiftly rush to saves goal genially to the scene development, and other labor to do. After litigant personnels saving goal of furiously, by 16th 21:00, the scene obtained has the effect control, the Binchuan County county group weaves 300 people to defend the scene clear. About 23:30 the centipede mountain’s bright fire is suppressed, fire fighters Yan Fang dies to defend. 3:40 Yu Huo is suppressed to 17th.

At present, Dalizhou and Binchuan County county work team group is grasping completes the related damage control labor to do tightly, is on fire because of investigating.

(This article originates: New China net)

Zhuhai: The bumper year 3rd various ports welcome entering/leaving country passenger flow “two prosperously”

New China net Zhuhai, February 17 – (by Wei Meng) Zhuhai Border control Department on 17th announced the data indicated that bumper year 3rd, the entering/leaving country large quantities of inland touring party caused Zhuhai various ports to present the going through a strategic pass peak passenger flow, approximately 290,000 people various ports went through customs in Zhuhai, entering/leaving country passenger flow “two prosperous”.

The data demonstrated that after Gongbei port entering/leaving country passenger flow over 250,000 people, inland touring party reaches 210, senate group population close 4000 people; Nine continent port entering/leaving country passenger flow breaks through 20,000 people, compares usually doubles, increases 8% compared to the same period, odd-numbered days the passenger capacity creates near a half year new high; Wanzai port entering/leaving country passenger flow reaches 8013 people, increases over 1 time compared to the same period, compares usually increases nearly 5 times, since has set the record 2008 the high point value.

It is known that inland touring party main choice in Gongbei port entering/leaving country. Therefore, Gongbei border inspection station prompt start peak passenger flow processing mechanism, in opening leaving country hall in 46 fixed channel’s foundations, moreover operated completely the temporary hall’s 14 channels. In the Wanzai port entry, leaves country to take inland group travel, the individual freedom line and Hong Kong, Macao passengers primarily, the entry consists mainly of the compatriots in Taiwan who returning to home village to visit parents, this port also operated completely all entry channels and trail road; In nine continent port entering/leaving country’s passenger flow, over 60% are holds “Intercourse Hong Kong, Macao Pass” went sightseeing the mainland tourist to Hong Kong, the bumper year 2nd has nearly 200 touring parties to leave country to go to the Hong Kong, Macao tour after nine continent ports, the bumper year 3rd the leaving country touring party also passes 100. Therefore, Zhuhai High-speed Passenger ship Company altogether puts on additional the flight 13 school grade orders in these two days.

(Origin: New China net)

(This article originates: New China net)

Zhuhai: The bumper year 3rd various ports welcome entering/leaving country passenger flow “two prosperously”

New China net Zhuhai, February 17 – (by Wei Meng) Zhuhai Border control Department on 17th announced the data indicated that bumper year 3rd, the entering/leaving country large quantities of inland touring party caused Zhuhai various ports to present the going through a strategic pass peak passenger flow, approximately 290,000 people various ports went through customs in Zhuhai, entering/leaving country passenger flow “two prosperous”.

The data demonstrated that after arching the Beikou shore entering/leaving country’s guest flows over 250,000 people, its inland touring party reaches 210, senate group population close 4000 people; Nine continent port entering/leaving country guest class breaks through 20,000 people, compares usually doubles, increases 8% compared to the same period, odd-numbered days the passenger capacity quantity creates near a half year new high; The bay young port entering/leaving country guest class reaches 8013 people, increases over 1 time compared to the same period, compares usually increases nearly 5 times, since will have created 2008 the most crest value.

It is known that inland touring party main choice in Gongbei port entering/leaving country. Therefore, Gongbei border inspection station prompt start peak passenger flow processing mechanism, in opening leaving country hall in 46 fixed channel’s foundations, moreover operated completely the temporary hall’s 14 channels. In the Wanzai port entry, leaves country to take inland group travel, the individual freedom line and Hong Kong, Macao passengers primarily, the entry consists mainly of the compatriots in Taiwan who returning to home village to visit parents, this port also operated completely all entry channels and trail road; In nine continent port entering/leaving country’s passenger flow, over 60% are holds “Intercourse Hong Kong, Macao Pass” went sightseeing the mainland tourist to Hong Kong, the bumper year 2nd has nearly 200 touring parties to leave country to go to the Hong Kong, Macao tour after nine continent ports, the bumper year 3rd the leaving country touring party also passes 100. Therefore, Zhuhai High-speed Passenger ship Company altogether puts on additional the flight 13 school grade orders in these two days.

(This article originates: New China net)

The Wuqiao acrobatics “steel bar entangles the neck” to present the Hebei temple fair splendidly

On February 17, in Hebei Zhengding Spring Festival at the big temple fair, Wuqiao Acrobatic troupe offered splendidly “steel bar to entangle the neck”, a several meters long steel bar winding in performer’s pate, the demonstration was extraordinary “skill”. Zhongxin News Agency sends Zhai Yujia to absorb

(This article originates: China News)

The trading profit is highest 4 years ultra 10 times of Chengdu software industry colony initially to form

    Chengdu Statistics bureau related people in charge accept reporter exclusive interview -

    The Chengdu software industry highest profit 4 years grow ultra 10 times

    Takes the information security, the digital entertainment primarily and so on software-powered service industry colony initially forms

Other day the city statistics bureau announced my city second nation economy Pu Cha key data, directed the reading broad pan-attention. Is honored as 23 industries “trace family property” this Pu to look up actually to attain which important information, Chengdu’s relevant industry in the investigation has displayed the type development momentum? Brings these to ask the topic, yesterday the date, the city statistics bureau related person in charge person has accepted newspaper reporter’s alone family interview.

    The income over 10 billion industries increase the private enterprise to become the industrial development the important force

According to 2008 economical Pu looks up data to demonstrate that my city labor industry business entity unit main business income 503.128 billion Yuan, grew 185.3% compared to 2004. The, the main business income surpasses 10 billion Yuan professions to have 20, accounts for my city existing profession total over 50%, increased 16 compared to 2004. The main business income surpasses 40 billion professions to have the petroleum and natural gas mining industry and sport and communication facilities manufacturing industry and electricity strength and thermal energy production and supply industry.

The investigation showed that the whole city altogether has labor industry business entity unit 17373, from industry the personnels 1,128,700 people, divided do not grow 15.8% compared to at the end of 2004 and 28.2%. The, the state-owned business and state-owned alone capital company 269, from industry the personnels 215,700 people, divide do not account for the whole city total 1.5% and 19.1%; Collective enterprise 587, from industry the personnels 19,000 people, divide do not account for the whole city total 3.4% and 1.7%; Private enterprise 11153, from industry the personnels 402,700 people, divide do not account for the whole city total 64.2% and 35.7%, became my city labor industry development the important force; Hong Kong, Macao, Taiwan business investing enterprise, outside business investing enterprise 533, from industry the personnels 215,700 people, divide do not account for the whole city total 3.1% and 9.1%; His Yu Leixing enterprise 4831, from industry the personnels 388,600 people, divides do not account for the whole city total 27.8% and 34.4%.

    The trading profit grows the ultra ten times of software industry colony initially to form high

Looking from the camp industry income, in 2008 takes the Jinshan digit and good outstanding rising sun electricity science and technology, Huacheng and summit soft as the representative, the camp industry income over 10 million Yuan soft enterprise altogether 59, realizes the camp industry to receive 2.222 billion Yuan, accounts for the whole city soft industry enterprise camp industry income proportion is 68.1%. The camp industry income gauge mold biggest soft enterprise 2008 was 2004 6.6 times.

Looking from the camp industry profit, Jinshan digit which is primarily for developing should use soft, Kwang Hua outstanding which gives priority to the information system integration design, Huacheng which takes constructing the electricity sub-politics service primarily and so on well-known enterprise, the camp industry profit over 5 million Yuan 11 enterprises, altogether realizes the battalion of industry profit 152 million Yuan, occupies the whole city soft industry enterprise camp industry profit 47.8%. Realized battalion of industry profit most enterprises 2008 is 2004 12.7 times.

What is joyfully happy, undergoes many years development, at present my city soft industry gathered the volume the Jinshan digit and silver sea soft and Kwang Hua to be outstanding, Huacheng and so on numerous soft well-known enterprises, took the information security and digital amusement happily, should use outside soft and service package and embedded soft and so on primarily beginning the soft service industry colony a step shape became.

    Wholesale and retail impersonal entity quantity and jobholders growth automobile and so on most made money

The statistics revealed that the whole city approves from the matter sends retail trade’s industry impersonal entity 15521, occupies the whole city from matter two and three industry impersonal entity 27.3%, its wholesale establishment industry 10863, retail trade industry 4658; From industry the personnels 256,600 people, occupies completely from industry the personnels 7.4%. The first economical Pu looked up to compare with 2004, approved from the matter sends, zero to sell the impersonal entity quantity to increase 3735, grew 1.32 times, increased 70,300 people from industry the personnels, grew 37.8%, the whole city has approved zero impersonal entity quantity and obtains the growth from industry the personnels quantity.

But looks up the result to compare with the first economical Pu, the whole city approves sends zero to sell the enterprise quantity to increase dramatically, particularly is private enterprise’s quantity increased range clearly obviously, the private enterprise time becomes again approves sends the retail trade industry impersonal entity’s main body. By the end of 2008, the whole city private enterprise quantity reaches 8800, increased 2322 compared to 2004, grew 35.8%, occupied approves sends zero sold the legal person number of units 56.7%, close 3/5 shares; But state-owned business quantity is 211, reduced few 209 compared to 2004, dropped 49.8%, only occupied approves sends zero to sell the impersonal entity 1.4%; The collective enterprise quantity also drops 51.5%.

The second national economy Pu looks up the result also to demonstrate that in 2008, the whole city will approve sends zero to sell the business entity unit profit total amount 6.04 billion Yuan, grew 151.7% compared to 2004. The, wholesale establishment industry gross profit surpasses 300 million Yuan professions to have 3, in turn is: The tobacco product approves pays out (1.94 billion Yuan), metal and metalliferous ore approves pays out (710 million Yuan), petroleum and product approves pays out (360 million Yuan); Retail trade industry gross profit surpasses 300 million Yuan professions to have 3, in turn is: Automobile zero sells (640 million Yuan), general merchandize zero to sell (630 million Yuan), books zero to sell (3.1 Yuan). Tobacco and automobile industry minute do not become approves sends in most gains the money shop industry with the retail trade industry.

    The property development profession rapid growth business profit ability constantly strengthens

According to the economic census data demonstrated that in 2008 my city altogether has property development enterprise 1610, increased 532 compared to at the end of 2004, grew 49.4%. Property development enterprise jobholders 42,800 people, increased 16,400 people compared at the end of 2004, grew 56.2%.

The entire city property development enterprise’s main business income 63.067 billion Yuan, grew 114.6.% compared to 2004. The real estate produces develops the enterprise assets grand total is 439.12 billion Yuan, increased 337.695 billion Yuan compared to at the end of 2004, grew 332.9%, the real estate produces develops the enterprise to realize the battalion of industry profit 5.628 billion Yuan, increased 4.303 billion Yuan compared to at the end of 2004, grew 324.8%. Looking from the enterprise average camp industry profit, at the end of 2008 my city property development enterprise average earnings 3.496 million Yuan, grew 184.5% compared at the end of 2004 1.229 million Yuan. (By Yin Tingting) (this article originates: Chengdu Daily)

National capital “broken five” set off fireworks to reach the peak to pay attention to the security

When five links sets off the time is 7 to 24:00 now (on February 17, lunar calendar in first lunar month 4th) the fireworks promotion ahead of time discounted

The bright day (on February 18, agriculture underwent beginning of the month five) is “broken five”, this city’s fireworks set off will achieve a peak. The city fireworks manages the prompt, the resident sets off the fireworks to in five links comply with the laws the gauge to decide, sets off the time for 7:00 am to 24:00, cannot set off the double-bang foot, the fireworks ball and so on spurious exceeding the allowed figure smoke fireworks and firecrackers bamboo.

According to illuminating the laws gauge decides, from beginning of the month 20:00, is occupied by in the 5th Ring Road resident to set off the smoke fireworks and firecrackers bamboo in every day between 7:00 am to 24:00, but other in the first lunar month 15 from now on, in this city 5th Ring Road will restore to endure comprehensively puts.

Tomorrow just when lunar calendar in first lunar month 5th, popular name “broken five”, must eat the stuffed dumpling, to set off the firecrackers according to the traditional custom, therefore every year “broken five” were the resident sets off fireworks’ peak date. According to old times’s setting off situation, 5th about 8:00 pm will present fireworks’ setting off peak, at the appointed time the department concerned will start the corresponding contingency plan. The city fireworks manages to prompt the resident to set off fireworks to comply with the laws, in the legitimate time as well as prohibits the exploding beside the place to set off, refuses to set off illegal spurious exceeding the allowed figure the fireworks.

From today to the bright day, the sales smoke fireworks and firecrackers bamboo again time will also present a peak. According to illuminating the former situation, fireworks price was beginning five later will have started generally to hit the booklet, but present already some business to promote sales hit the booklet ahead of time.

The reporter attaches near several fireworks mesh point to see that outside Angola, some original price high groups gather the fireworks as well as the part stencil printing class fireworks after starting to reduce prices. The business said that to catch up sells some fireworks before initially five, automatically lowered the part variety price.

In addition, according to illuminating the gauge decides, lives in five link residents, should remaining before during the Lantern Festival -odd fireworks sets off, try not to preserve in home, in first lunar month 15 should unify to deliver the assigned location from now on to trade the present or hands over the local police station to carry on processing by the specialized department to the fireworks. (By Wang Qiang) (this article originates: Beijing late newspaper)

Accumulates the intangible asset Italy Chinese businessman to explore road of the enterprise culture construction

Distance “Chinese culture year” activity begins, although also has six months, but Italy various cities’ Chinese civil organization started to deliberate how the Chinese people participate in this event, specially some Chinese enterprises, they hope that through the golden opportunity, explores road of the enterprise culture construction like this.

The small and medium-sized enterprise is Italian Chinese people economy main body, these enterprises basically are develop from domestic workshop’s-like pattern, managed after many years with concentration, has quite a part of enterprise not only to complete the accumulation of capital, and has realized the expansion in the scale. These enterprises in the sustained development process, created certain material wealth, the enterprise operator have hoped that continued in the complicated and diversified market environment maintains the exuberant vitality. Therefore, they start to pursue spiritual wealth, during creation material wealth for enterprise accumulation many intangible assets.

Chinese entrepreneurs in Italy mostly come from area Wenzhou, for many years they in studying the Wenzhou private enterprise’s road of growing strong, when they saw the enterprise in hometown takes the human more and more in the enterprise development influential role, when as well as makes the characteristic enterprise culture has the important meaning to the modern management centripetal force and cohesive force, they have also had the similar pursue.

The European honest trading company which is managed by Wenzhou nationality Chinese businessman Mr. Hu is one enterprise which is engaged in the clothing to wholesale, under financial crisis’s background, Mr. Hu adjusts the inventory channel at the same time, at the same time vigorously trains the staff using the market off season, forms one kind of values and standard of conduct and relatively perfect control system.

Mr. Hu said that in any market environment, the enterprise must realize the sustainable development, must have long-term development targets and development project. The enterprise will develop, how will develop and other questions toward any direction from now on should let the staff members understand and obtain their approvals, this further clears off the work idea, is clear about the enterprise development direction, stimulates the staff work enthusiasm the basic premise.

Mr. Hu said that the enterprise more develops, longs to the talented person on Vietnam. The enterprise needs the different level and different specialized talented person, if unable to find the ready-made ideal talented person, that must fostering the talent integrates as the operator enterprise’s basic development strategy. In the Italian Chinese community, do not say that the excellent management talented person is deficient, the professional skill skilled spot professional also is very difficult to look. Under the objective environment, the enterprise must take the construction of personnel like this enterprise culture construction a part, through builds to respect the human in the enterprise, to mold person’s cultural atmosphere, strengthens staff’s sense of belonging, stimulates staff’s enthusiasm and creativity.

He said that the domestic many modern enterprise, is through carries on the goal education to the staff, causes them closely to unify individual goal same enterprise development goal, the determination participates in enterprise each work. Chinese enterprise in Italy in developing and expanding in the process, must place this aspect work similarly the important position. (Xie Peikang)

(This article originates: New China net)

Provisions on Administration of Foreign-Invested Telecommunications Enterprises

(Adopted at the 49th Executive Meeting of the State Council
on December 5, 2001, promulgated by Decree No. 333 of the State
Council of the People’s Republic of China on December 11, 2001 and
effective as of January 1, 2002)

Article 1 These Provisions are formulated in
accordance with laws and administrative regulations on foreign
investment and the Regulations of the People’s Republic of China on
Telecommunications (hereinafter referred to as the Regulations on
Telecommunications) to meet the needs for the opening up to the
outside world of the telecommunications industry and promote the
development of telecommunications industry.

Article 2 Foreign-invested telecommunications
enterprises mean the enterprises providing telecommunications
services which are established according to law with joint
investment and in the form of Chinese-foreign joint ventures by
foreign and Chinese investors within the territory of the People’s
Republic of China.

Article 3 In addition
to abiding by these Provisions, foreign-invested telecommunications
enterprises providing telecommunications services shall abide by
the Regulations on Telecommunications and other relevant laws and
administrative regulations.

Article 4 Foreign-invested telecommunications
enterprises may operate the basic telecommunications services and
value-added telecommunications services. The service categorization
shall be governed by the Regulations on Telecommunications.

The business geographical coverage for the foreign-invested
telecommunications enterprises shall be determined by the competent
information industry department of the State Council in accordance
with the relevant provisions.

Article 5 The registered capital of a
foreign-invested telecommunications enterprise shall comply with
the following provisions:

(1) The minimum registered capital shall be RMB 2 billion yuan
for providing basic telecommunications services throughout the
country or across different provinces, autonomous regions and
municipalities directly under the Central Government, or shall be
RMB 10 million yuan for providing value-added telecommunications
services;

(2) The minimum registered capital shall be RMB 200 million yuan
for providing basic telecommunications services within a province,
an autonomous region or a municipality directly under the Central
Government, or shall be RMB 1 million yuan for providing
value-added telecommunications services.

Article 6 The proportion of foreign investment
in a foreign-invested telecommunications enterprise providing basic
telecommunications services (excluding radio paging) shall not
exceed 49% in the end.

The proportion of foreign investment in a foreign invested
telecommunications enterprise providing value-added
telecommunications services (including radio paging in basic
telecommunications services) shall not exceed 50% in the end.

The proportion of the investment made by Chinese and foreign
investors to a foreign-invested telecommunications enterprise in
different phases shall be determined by the competent information
industry department of the State Council in accordance with the
relevant provisions.

Article 7 In addition
to the conditions specified in Articles 4, 5 and 6 of these
Provisions, a foreign-invested telecommunications enterprise
providing telecommunications services shall also comply with the
conditions specified in the Regulations on Telecommunications on
the provision of basic or value-added telecommunications
services.

Article 8 The major Chinese investor of a
foreign-invested telecommunications enterprise providing basic
telecommunications services shall meet the following
conditions:

(1) being a legally established company;

(2) having the funds and professionals commensurate with its
business operation; and

(3) complying with due diligence and the requirements for
special industry provided for by the competent information industry
department of the State Council.

The major Chinese investor of a foreign-invested
telecommunications enterprise referred to in the preceding
paragraph means the largest investor whose investment amount is the
largest among all the Chinese investors and constitutes 30% or more
of the total Chinese investment.

Article 9 The major foreign investor of a
foreign-invested telecommunications enterprise providing basic
telecommunications services shall meet the following
conditions:

(1) being qualified as an enterprise legal person;

(2) having obtained the license for providing basic
telecommunications services from the registration country or
region;

(3) having the funds and professionals commensurate with its
business operation; and

(4) having a good performance record and experiences in
providing basic telecommunications services.

The major foreign investor of a foreign-invested
telecommunications enterprise referred to in the preceding
paragraph means the largest investor whose investment amount is the
largest among all the foreign investors and constitutes 30% or more
of the total investment made by all the foreign investors.

Article 10 The major foreign investor in a
foreign-invested telecommunications enterprise providing
value-added telecommunications services shall have a good
performance record and experiences in providing value-added
telecommunications services.

Article 11 To establish a foreign-invested
telecommunications enterprise providing basic telecommunications
services or providing value-added telecommunications services
across different provinces, autonomous regions and municipalities
directly under the Central Government, the major Chinese investor
shall make an application to the competent information industry
department of the State Council and submit the following
documents:

(1) the project proposal;

(2) the feasibility study report;

(3) the certificates or relevant confirmation documents
certifying the qualifications of the investors from each party to
the joint venture as provided for in Articles 8, 9 and 10 of these
Provisions; and

(4) the certificates or confirmation documents certifying the
satisfaction of other conditions provided for in the Regulations on
Telecommunications on the provision of basic telecommunications and
value-added telecommunications services.

The competent information industry department of the State
Council shall examine the documents provided for in the preceding
paragraph from the date of receipt of the application. The
examination of the application for the provision of basic
telecommunications services shall be completed within 180 days and
a decision of approval or disapproval be made; the examination of
the application for the provision of value-added telecommunication
services shall be completed within 90 days and a decision of
approval or disapproval be made; if it is approved, the Examination
Opinions on Foreign Investment in Telecommunications Services
Provision shall be issued; if it is not approved, the applicant
shall be notified in writing with the reasons therefor stated.

Article 12 To establish a foreign-invested
telecommunications enterprise providing basic telecommunications
services or value-added telecommunications services across
different provinces, autonomous regions and municipalities directly
under the Central Government, the major Chinese investor, in making
an application according to Article 11 of these Provisions, may, in
light of the actual situations, first submit the documents other
than the feasibility study report, upon the examination,
confirmation and being notified in writing by the competent
information industry department of the State Council, then submit
the feasibility study report. However, the period from the date of
notice to the submission of the feasibility study report shall not
exceed one year, and such period shall not be included in the
examination period specified.

Article 13 To establish a foreign-invested
telecommunications enterprise providing value-added
telecommunications services within a province, autonomous region
and municipality directly under the Central Government, the major
Chinese investor shall make an application to the local
telecommunications administration department of the province,
autonomous region or municipality directly under the Central
Government and submit the following documents:

(1) the feasibility study report;

(2) the certificates or relevant confirmation documents
certifying qualifications as provided for in Article 10 of these
Provisions; and

(3) the certificates or confirmation documents certifying the
satisfaction of other conditions provided for in the Regulations on
Telecommunications on the provision of value-added
telecommunications services.

The telecommunications administration department of the
province, autonomous region or municipality directly under the
Central Government shall give its comments within 60 days from the
date of receipt of the application. If it is assented to, the
application shall be forwarded to the competent information
industry department of the State Council; if it is not assented to,
the applicant shall be notified in writing with the reasons
therefor stated.

The competent information industry department of the State
Council shall complete examination within 30 days from the date of
receipt of application documents with comments signed by the
telecommunications administration department of the province,
autonomous region or municipality directly under the Central
Government and make a decision of approval or disapproval; if it is
approved, the Examination Opinions on Foreign Investment in
Telecommunications Services Provision shall be issued; if it is not
approved, the applicant shall be notified in writing with the
reasons therefor stated.

Article 14 The main contents of the project
proposal for a foreign-invested telecommunications enterprise shall
include: the names and basic situations of the parties to the joint
venture, the total volume of investment to the enterprise to be
established, the registered capital, the proportions of investment
contributions by the parties, the types of services to be applied
for and the period for the joint venture.

The main contents of the feasibility study report for a
foreign-invested telecommunications enterprise shall include: the
basic situations of the enterprise to be established, service
items, business forecast and development planning, analysis on the
return of investment and the expected time for the commencement of
operation.

Article 15 Where the investment project of the
establishment of a foreign-invested telecommunications enterprise
requires the examination and approval by the competent planning
department or the comprehensive economy administration department
of the State Council according to the relevant provisions of the
State, the competent information industry department of the State
Council shall transfer the application materials for examination
and approval to the competent planning department or the
comprehensive economy administration department of the State
Council before issuing the Examination Opinions on Foreign
Investment in Telecommunications Services Provision. Where the
application is transferred for examination and approval to the
competent planning department or the comprehensive economy
administration department of the State Council, the examination
period specified in Articles 11 and 13 may be extended for 30
days.

Article 16 To establish a foreign-invested
telecommunications enterprise providing basic telecommunications
services or providing value-added telecommunications services
across different provinces, autonomous regions and municipalities
directly under the Central Government, the major Chinese investor
shall submit the contract and articles of association of the
enterprise to be established to the competent foreign trade and
economic cooperation department of the State Council on the
strength of the Examination Opinions on the Foreign Investment in
Telecommunications Services Provision; to establish a
foreign-invested telecommunications enterprise providing
value-added telecommunications services within a province,
autonomous region or municipality directly under the Central
Government, the major Chinese investor shall submit the contract
and articles of association of the enterprise to be established to
the competent foreign trade and economic cooperation department of
the relevant province, autonomous region or municipality directly
under the Central Government on the strength of Examination
Opinions on Foreign Investment Telecommunications Services
Provision.

The competent foreign trade and economic cooperation department
of the State Council or the competent foreign trade and economic
cooperation department of the province, autonomous region or
municipality directly under the Central Government shall complete
examination within 90 days from the date of receipt of the contract
and articles of association of the foreign-invested
telecommunications enterprise to be established and make a decision
of approval or disapproval. If it is approved, an Approval
Certificate for Foreign-invested Enterprise shall be issued; if it
is not approved, the applicant shall be notified in writing with
the reasons therefor stated.

Article 17 The major Chinese investor shall
undertake the formalities with regard to License for the
Telecommunications Services Provision at the competent information
industry department of the State Council on the strength of the
Approval Certificate for Foreign-invested Enterprise.

The major Chinese investor of the foreign-invested
telecommunications enterprise shall, on the strength of the
Approval Certificate for Foreign-invested Enterprise and the
License for Telecommunications Services Provision, undertake the
formalities for registration at the department for industry and
commerce administration.

Article 18 To provide trans-boundary
telecommunications services, the foreign-invested
telecommunications enterprise must obtain approval from the
competent information industry department of the State Council and
provide the services through the international entry and exit
gateway agency the establishment of which has been approved by the
competent information industry department of the State Council.

Article 19 In case of
violation of Article 6 of these Provisions, the competent
information industry department of the State Council shall order to
make corrections within the specified time limit and concurrently
impose a fine of not less than 100,000 yuan but not more than
500,000 yuan; if no corrections are made within the specified time
limit, the License for Telecommunications Services Provision shall
be revoked by the competent information industry department of the
State Council and the Approval Certificate for Foreign-invested
Enterprise shall be withdrawn by the competent foreign trade and
economic cooperation department which has issued the
Certificate.

Article 20 In case of
violation of Article 18 of these Provisions, the competent
information industry department of the State Council shall order to
make corrections within the specified time limit and concurrently
impose a fine of not less than 200,000 yuan but not more than
1,000,000 yuan; if no corrections are made within the specified
time limit, the License for Telecommunications Services Provision
shall be revoked by the competent information industry department
of the State Council and the Approval Certificate for
Foreign-invested Enterprise shall be withdrawn by the competent
foreign trade and economic cooperation department which has issued
the Certificate.

Article 21 Where false or forged certificates
or confirmation documents certifying qualification are provided to
obtain approval in applying for the establishment a
foreign-invested telecommunications enterprise, the approval shall
be invalid, and the competent information industry department of
the State Council shall impose a fine of not less than 200,000 yuan
but not more than 1,000,000 yuan, revoke the License for
Telecommunications Services Provision and the competent foreign
trade and economic cooperation department which has issued the
Approval Certificate for Foreign-invested Enterprise shall withdraw
the Certificate.

Article 22 Where a foreign-invested
telecommunications enterprise violates the Regulations on
Telecommunications or other laws and regulations in providing
telecommunication services, it shall be punished by the relevant
organs according to law.

Article 23 Listings overseas by domestic
telecommunications enterprises must be subject to examination of
and consent from the competent information industry department of
the State Council and be approved in accordance with the relevant
provisions of the State.

Article 24 These Provisions shall apply mutatis
mutandis to the investment into and provision of telecommunications
services in Chinese mainland by the companies and enterprises from
the Hong Kong Special Administrative Region, the Macao Special
Administrative Region and Taiwan region.

Article 25 These Provisions shall be effective
as of January 1, 2002.

(State Council)

Law of the People’s Republic of China on Chinese-Foreign Equity Joint Ventures

(Adopted at the Second Session of the Fifth National People’s
Congress on July 1, 1979 and promulgated by Order No.7 of the
Chairman of the Standing Committee of the National People’s
Congress on July 8, 1979; amended according to the Decision on
Amending the Law of the People’s Republic of China on
Chinese-Foreign Equity Joint Ventures made at the Third Session of
the Seventh National People’s Congress on April 4, 1990, and
amended for the second time according to the Decision on Amendment
to the Law of the People’s Republic of China on Chinese-Foreign
Equity Joint Ventures adopted at the Fourth Session of the Ninth
National People’s Congress on March 15, 2001) 

Article 1  With a view to expanding international economic
cooperation and technological exchange, the People’s Republic of
China permits foreign companies, enterprises, other economic
organizations or individuals (hereinafter referred to as “foreign
joint venturers”) to establish equity joint ventures together with
Chinese companies, enterprises or other economic organizations
(hereinafter referred to as “Chinese joint venturers”) within the
territory of the People’s Republic of China, on the principle of
equality and mutual benefit, and subject to approval by the Chinese
Government. 

Article 2  The Chinese Government protects, according to
law, the investment of foreign joint ventures, the profits due them
and their other lawful rights and interests in an equity joint
venture, pursuant to the agreement, contract and articles of
association approved by the Chinese Government. 

In its activities, an equity joint venture shall comply with the
provisions of the laws and regulations of the People’s Republic of
China. 

The State shall not nationalize or requisition any equity joint
venture. Under special circumstances, when public interests
require, equity joint ventures may be requisitioned by following
legal procedures and appropriate compensation shall be
made. 

Article 3  The equity joint venture agreement, contract and
articles of association signed by the parties to the venture shall
be submitted to the State’s competent department in charge of
foreign economic relations and trade (hereinafter referred to as
the examination and approval authorities) for examination and
approval. The examination and approval authorities shall decide to
approve or disapprove the venture within three months. When
approved, the equity joint venture shall register with the State’s
competent department in charge of industry and commerce
administration, acquire a business license and start operations.
 

Article 4  An equity joint venture shall take the form of a
limited liability company. 

The proportion of the foreign joint venturer’s investment in an
equity joint venture shall be, in general, not less than 25 percent
of its registered capital. 

The parties to the venture shall share the profits, risks and
losses in proportion to their contributions to the registered
capital. 

If any of the joint venturers wishes to assign its registered
capital, it must obtain the consent of the other parties to the
venture. 

Article 5  The parties to an equity joint venture may make
their investment in cash, in kind or in industrial property rights,
etc. 

The technology and equipment contributed by a foreign joint
venturer as its investment must be really advanced technology and
equipment that suit China’s needs. In case of losses caused by a
foreign joint venturer in its practising deception through the
intentional provision of outdated technology and equipment, it
shall compensate for the losses. 

A Chinese joint venturer’s investment may include the right to
the use of a site provided for the equity joint venture during the
period of its operation. If the right to the use of the site is not
taken as a part of the Chinese joint venturer’s investment, the
equity joint venture shall pay the Chinese Government for its
use. 

The above-mentioned investments shall be specified in the
contract and articles of association of the equity joint venture,
and their value (excluding that of the site) shall be assessed by
all parties to the venture. 

Article 6  An equity joint venture shall have a board of
directors; the number of the directors thereof from each party and
the composition of the board shall be stipulated in the contract
and articles of association after consultation among the parties to
the venture; such directors shall be appointed and replaced by the
relevant parties. The chairman and the vice-chairman
(vice-chairmen) shall be determined through consultation by the
parties to the venture or elected by the board of directors. If the
Chinese side or the foreign side assumes the office of the
chairman, the other side shall assume the office(s) of the
vice-chairman (vice-chairmen). The board of directors shall decide
on important issues concerning the joint venture on the principle
of equality and mutual benefit. 

The functions and powers of the board of directors are, as
stipulated in the articles of association of the equity joint
venture, to discuss and decide all major issues concerning the
venture, namely, the venture’s development plans, proposals for
production and business operations, the budget for revenues and
expenditures, the distribution of profits, the plans concerning
manpower and wages, the termination of business, and the
appointment or employment of the general manager, the vice-general
manager(s), the chief engineer, the treasurer and the auditors, as
well as the determination of their functions, powers and terms of
employment, etc. 

The offices of general manager and vice-general manager(s) (or
factory manager and deputy manager(s)) shall be assumed by the
respective parties to the venture. 

The employment, discharge, remuneration, welfare benefits,
occupational protection, labor insurance and other matters of the
workers and staff members of an equity joint venture shall be
stipulated in accordance with law in the contract concluded by the
parties. 

Article 7  The workers and staff members of an equity joint
venture shall, in accordance with law, establish a trade union to
carry out trade union activities and safeguard their lawful rights
and interests.  

The equity joint venture shall provide the necessary conditions
for the trade union to conduct activities. 

Article 8  The net profit of an equity joint venture shall
be distributed among the parties to the venture in proportion to
their respective contributions to the registered capital, after
payment out of its gross profit of the equity joint venture income
tax, pursuant to the provisions of the tax laws of the People’s
Republic of China, and after deductions from the gross profit of a
reserve fund, a bonus and welfare fund for workers and staff
members and a venture expansion fund, as stipulated in the
venture’s articles of association. 

An equity joint venture may, in accordance with the provisions
of the relevant laws and administrative regulations of the State on
taxation, enjoy preferential treatment of tax reductions or
exemptions. 

A foreign joint venturer that reinvests its share of the net
profit within Chinese territory may apply for a partial refund of
the income tax already paid. 

Article 9  An equity joint venture shall, on the strength
of its business license, open a foreign exchange account with a
bank or any other financial institution which is permitted by the
State agency for foreign exchange control to handle foreign
exchange transactions. 

An equity joint venture shall handle its foreign exchange
transactions in accordance with the regulations on foreign exchange
control of the People’s Republic of China. 

An equity joint venture may, in its business operations,
directly raise funds from foreign banks. 

The various kinds of insurance coverage of an equity joint
venture shall be furnished by insurance companies established
within the territory of China. 

Article 10  An equity joint venture may, in adherence to
the principles of fairness and rationality, purchase on both the
Chinese and the world market the raw and semi-processed materials,
fuels and other materials it needs within the approved scope of
operation. 

An equity joint venture shall be encouraged to market its
products outside China. It may sell its export products on foreign
markets directly or through associated agencies or China’s foreign
trade agencies. Its products may also be sold on the Chinese
market. 

When necessary, an equity joint venture may set up branches and
subbranches outside China. 

Article 11  The net profit which a foreign joint venturer
receives as its share after performing its obligations under the
laws, and the agreements or the contract, the funds it receives
upon the expiration of the venture’s term of operation or the
suspension thereof, and its other funds may be remitted abroad in
accordance with foreign exchange control regulations and in the
currency or currencies specified in the contract concerning the
equity joint venture. 

A foreign joint venturer shall be encouraged to deposit in the
Bank of China the foreign exchange which it is entitled to remit
abroad. 

Article 12  The wages, salaries or other legitimate income
earned by a foreign worker or staff member of an equity joint
venture, after payment of the individual income tax under the tax
laws of the People’s Republic of China, may be remitted abroad in
accordance with foreign exchange control regulations. 

Article 13  Based on different lines of trade and different
circumstances, arrangements for the duration of equity joint
ventures may be made differently through agreement by the parties
to the venture. Equity joint ventures engaged in certain lines of
trade shall specify their duration in the contracts, while equity
joint ventures engaged in certain other lines of trade may choose
to or not to specify their duration in the contracts. Where an
equity joint venture has had its duration specified and the parties
to the venture agree to extend the duration, the venture shall file
an application for the purpose with the examination and approval
authorities six months before its expiration. The examination and
approval authorities shall, within one month after receipt of the
application, decide on its approval or disapproval. 

Article 14  In case of heavy losses, or failure of a party
to perform its obligations under the contract and the articles of
association, or force majeure, etc., the parties to the joint
venture may, subject to their agreement through consultation,
approval of their report by the examination and approval
authorities and registration with the State’s competent department
in charge of industry and commerce administration, terminate the
contract. In case of losses caused by a breach of contract, the
party that has breached the contract shall bear the economic
responsibilities. 

Article 15  Disputes arising between the parties to an
equity joint venture which the board of directors has failed to
settle through consultation may be settled through conciliation or
arbitration by an arbitration agency of China or through
arbitration by another arbitration agency agreed upon by the
parties. 

Where the parties to an equity joint venture fail to stipulate
an arbitration clause in the contract or does not reach a written
arbitration agreement afterwards, they may bring a lawsuit to the
People’s Court. 

Article 16  This Law shall go into effect as of the date of
promulgation.

(Legislative Affairs Commission of the Standing Committee of the
National People’s Congress)