China investment guide Services
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For foreign investment in China , the China's government in order to encourages foreign companies, enterprises and other economic organizations or individuals to establish Chinese-foreign equity joint ventures, Chinese-foreign contractual joint ventures and foreign capital enterprises within China's territory .Provisions are formulated in order to improve the investment environment, facilitate the absorption of foreign investment, introduce advanced technology, the information as follows for China Investment Portfolio :
Preferences to the enterprises with foreign investment for China Investment Portfolio :
(1) Production enterprises whose products are mainly for export, which have a foreign exchange surplus after deducting from their total annual foreign exchange expenditures incurred in production and operation and the foreign exchange needed for the remittance abroad of the profits earned by foreign investors
(2) Production enterprises possessing advanced technology supplied by foreign investors which are engaged in developing new products, and upgrading and replacing products in order to increase foreign exchange generated by exports or for import substitution
China Import Procedures for China Investment Portfolio :
(1)Most of the import businesses in China are transacted in FOB prices. Only a small minority of the import commodities are transacted on CIF terms. The majority of means of payment are in letter of credit (L/C). The commodity import include a series of steps from signing a contract to making the payment. The general import procedures transacted under the terms of FOB include: writing down an effective contract, writing L/C, booking space, pushing for shipment, insurance, checking documents, making payment, customs declaration, receiving the shipment, inspection, goods delivery and claiming import indemnity.
(2)The establishment of an effective import contract --- contract comes into effect once the price quoted based on a written agreement, or the contract between a Chinese import enterprise and a foreign supply businessmen is accepted or the price quoted by the foreign supply businessmen is accepted.As businesspersons must consult with various laws and regulations issued by the Chinese government before importing commodities from overseas. All products, if no limit is set, can be imported freely while ways of trade and payment which run contradictory with laws and regulations are generally forbidden.
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