Foreign investors who invest to participate in the technical transformation of a state-owned enterprise in which the Chinese enterprise makes a priced investment by transferring the land use right may obtain a refund of up to 70 percent of the paid land transferring fees as state-owned property to make reinvestment.
The investment structure in central China's Hubei province was further optimized with both competitive and weak industries being enhanced, according to Hubei provincial statistics bureau.
Encouragement given to foreign-invested enterprises to implement technological development and innovation as well as to enlarge the purchase of homemade equipment.
Foreign-funded enterprises engaging in business in the People's Republic of China must abide by Chinese laws and regulations and must not harm the social and public interests of China.
This Law applies to foreign trade and the protection of trade-related aspects of intellectual property rights. For the purposes of this Law, "foreign trade" refers to import and export of goods and technologies and the international trade in services.
Copyright @ 2012 China Daily. All Rights Reserved. Official Website for Hubei provincial government. Sponsored by Hubei People's Government. Constructed by China Daily
Contact Us: Foreign Affairs (Overseas Chinese Affairs) Office of Hubei Provincial People's Government
Tel: 0086-27-87713805 Fax: 0086-27-87811262 Email: faomsc@fohb.gov.cn
Address: No 3, Bayi Road, Wuchang, Wuhan, Hubei province Post code: 430071
