Interim Provisions of the State Council of the People's Republic of China on Preferences for the Construction of Ports and Piers with Chinese and Foreign Joint Investment
Interim Provisions of the State Council of the People's Republic of China on Preferences for the Construction of Ports and Piers with Chinese and Foreign Joint Investment
Interim Provisions of the State Council of the People's Republic of China on Preferences for the Construction of Ports and Piers with Chinese and Foreign Joint Investment
Guo Fa [1985] No.118
September 30, 1985
Article 1 These Provisions are formulated with a view to expanding economic cooperation and technological exchange with foreign countries, speeding up the construction of ports and piers, and meeting the needs of the socialist modernization programme.
Article 2 All the laws, regulations, provisions, and rules governing Chinese-foreign equity joint ventures shall apply to joint ventures running port and pier construction projects (hereinafter called joint ventures) established within the boundaries of the People's Republic of China by foreign companies or enterprises, or individual investors (hereinafter called foreign joint ventures) on the one hand and Chinese companies or enterprises on the other, and preferential treatment shall, in accordance with these Provisions, be granted to them out of consideration for their huge investment amount, long construction cycle, and narrow profit margin.
Article 3 A joint venture may have a comparatively long contract period, which can be as long as over 30 years.
......
Guo Fa [1985] No.118
September 30, 1985
Article 1 These Provisions are formulated with a view to expanding economic cooperation and technological exchange with foreign countries, speeding up the construction of ports and piers, and meeting the needs of the socialist modernization programme.
Article 2 All the laws, regulations, provisions, and rules governing Chinese-foreign equity joint ventures shall apply to joint ventures running port and pier construction projects (hereinafter called joint ventures) established within the boundaries of the People's Republic of China by foreign companies or enterprises, or individual investors (hereinafter called foreign joint ventures) on the one hand and Chinese companies or enterprises on the other, and preferential treatment shall, in accordance with these Provisions, be granted to them out of consideration for their huge investment amount, long construction cycle, and narrow profit margin.
Article 3 A joint venture may have a comparatively long contract period, which can be as long as over 30 years.
......