What are the rules for establishing foreign-funded commercial enterprises in China? (1)

To expand the opening-up drive, to promote the reform and development of Chinese commercial enterprises and construction of the domestic market, and to facilitate the experiments with the utilization of foreign investment in the commercial sector, the State Economic and Trade Commission and the Ministry of Foreign Trade and Economic Cooperation have worked out and promulgated Experimental Measures for Foreign-funded Commercial Enterprises. Currently, the Measures only permit foreign companies and enterprises to set up with Chinese companies and enterprises Chinese-foreign equity and contractual joint venture commercial enterprises in China. Wholly foreign-invested commercial enterprises are not allowed yet. Major stipulations are as follows:

　　1). The equity and contractual joint venture commercial enterprises to be established must comply with the commercial development plan of the locale city and should have the capacity to introduce world-advanced marketing techniques and management experience, advance local commercial modernization, propel exportation of domestic products and produce good economic and social results.

　　2). As stipulated by the State Council, the areas where equity and contractual joint venture commercial enterprises may be established are limited temporarily to provincial capital cities, capitals of autonomous regions, municipalities directly tender the jurisdiction of the central government, cities listed as independent units in the state plan, and special economic zones (hereafter referred to as pilot areas).

What are the rules for establishing foreign-funded commercial enterprises in China? (2)

3). Investors in commercial joint ventures should meet the following requirements:

　　a. Foreign joint ventures or main foreign joint ventures (hereafter referred to as foreign joint ventures) should have comparatively high economic strength, advanced management experience and marketing techniques in commercial operations, broad international distribution channels, sound credit and good performance. In addition, they should help promote Chinese exports through the establishment of their joint ventures.

　　Foreign joint ventures applying foe‘ the establishment of joint ventures operating retail business should record all average annual sales volume of US$2.0 billion or more in the three years prior to the year of the application and should have assets of no less than US$200 million in the year prior to the year of the application.

　　Foreign joint ventures applying for the establishment of joint ventures operating wholesale business should record an average annual wholesale volume of US$2.5 billion or more in the three years prior to the year of the application and should have assets of no less than US$300 million in the year prior to the year of the application.

　　b. Chinese joint ventures or main Chinese joint ventures (hereafter referred to as Chinese joint ventures) should be distribution enterprises with comparatively high economic strength and operation capacities. The amount of their assets in the year prior to the application should be more than 50 million yuan (30 million yuan for central and western regions). For Chinese joint ventures who are commercial enterprises, the average annual sales volume in the three years prior to the application should be no less than 300 million yuan (200 million yuan for central and western regions). For foreign trade enterprises, the average annual self-operated export and import volume should be no less than US$50 million (exports should amount to no less than US$30 million).

　　4). Equity and contractual joint venture commercial enterprises should meet the following requirements:

　　a. Compliance with the relevant Chinese laws, statutes and regulations;

　　b. Compliance with the commercial development plan of the locale city;

　　c. The registered capital of the joint ventures engaged in retail business should be no less than 50 million yuan, and for central and western regions, no less than 30 million yuan. The registered capital of the joint ventures engaged in wholesale business should be no less than 80 million yuan, and for central and western regions, no less than 60 million yuan.

What are the rules for establishing foreign-funded commercial enterprises in China? (3)

7). Others
　　
　　a. State-owned commercial enterprises in equity and contractual joint venture commercial projects shall put their physical and non-physical assets to scientific and just assessment by an evaluation agency recognized by the state assets management authorities in accordance with Administrative Measures on the Evaluation of State-owned Assets. The result of an evaluation confirmed by the state assets management authorities at the provincial level or higher may be used as the basis for the pricing of the state assets to be invested.
　　
　　b. The equity and contractual joint venture commercial enterprises that deal in commodities subject to special state regulations, or in import and export commodities subject to quotas or permit requirements should go through examination and approval procedures in accordance with relevant regulations.
　　
　　c. The total value of import commodities of an equity or a contractual joint venture commercial enterprise cannot exceed 30 percent of its current year sales value.
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film business in china

In the interests of opening up and reform, attracting foreign capital, importing advanced technology and equipment, and invigorating China‘s film industry, the State Administration of Radio, Film and Television, the Ministry of Foreign Trade and Economic Cooperation, and the Ministry of Culture promulgated in October 2000 the Interim Provisions on Foreign Investment in Cinemas. This was executed in line with relevant laws and regulations, including the Law of the People‘s Republic of China on Chinese-Foreign Equity Joint Ventures, the Law of the People‘s Republic of China on Chinese-Foreign Contractual Joint Ventures, and the Film Administration Regulations. According to the Interim Provisions, foreign companies, enterprises and other economic organizations or individuals (the foreign partner) are permitted to establish with Chinese companies and enterprises (the Chinese partner) Chinese-foreign equity joint ventures and Chinese-foreign contractual joint ventures in China to engage in the construction and renovation of cinemas and in film projection business. For the time being, wholly foreign-owned cinemas are not permitted in China.

shaoxing

Handmade wooden items are easily seen in Shaoxing, an ancient city in East China’s Zhejiang Province.Being a water-around-city, Shaoxing has more than 4,000 stone bridges crisscrossing various flowing lanes. Founded 2500 years ago, Shaoxing is ancient city in East China’s Zhejiang Province. It is described as “a museum without walls.”
Founded 2500 years ago, Shaoxing is ancient city in East China’s Zhejiang Province.
If you are exiled to a barren island and can take only one condiment, what would you pick? Salt, pepper, chili and oil may be clear choices for some. However for the people in Shaoxing, in East China’s Zhejiang Province, they will answer without hesitation: “Our local huangjiu, of course.”

Huangjiu, or yellow liquor, is a traditional alcoholic beverage brewed from grains, such as millet, rice or wheat. It can be drunk directly, or used for cooking chicken, crabs and other foods. The flavor has a pleasant taste that even impresses non-drinkers
There are many types of huangjiu across the nation, and the long-standing brand of Shaoxing Huangjiu shines because of its sophisticated distilling and high quality. It is one of only two wine-related items which is inscribed in China’s ICH (Intangible Cultural Heritage). The other beverage is Luzhou Laojiao of Southwest Sichuan Province

Tianjin Port

Early settlement in the Tianjin region dates back to the Warring States period, but Tianjin’s later prominence was primarily tied to the rise of nearby Beijing as the capital of northern nomadic dynasties and later of the country as a whole. Tianjin served primarily as a storage, sale, and distribution center for agricultural products from the south in the 12th century. Under the Mongols, who first established Beijing as the capital of the entire country, Tianjin served as a storage and trans-shipment point for the grain taxes that were shipped from the south
Tianjin’s prosperity proved a lure for Western trading nations. In 1856 British and French troops used the boarding of a British ship by Chinese troops in search of pirates as an excuse to attack the forts guarding the Haihe River. The defeated Chinese were forced to sign the 1858 Treaty of Tianjin, which opened the port to foreign trade and the sale of opium. Other European nations and Japan followed, establishing distinctive independent concessions on the riverside areas, each with a distinctive architectural style — variously English Victorian, Italian Roman style streets, French chateaux styles, and German Bavarian villas.
Tianjin became a center of urban modernization and internationalism in the early years of the 20th century. Hotels like the Astor received famous guests such as Herbert Hoover and Sun Yat-sen, and one of China’s first elevators was installed there in 1924. Meanwhile, heavy silting of the Haihe River led to construction of a new port at Tanggu, 50 km downriver, as Tianjin lost its character as a major port city. The 1976 Tangshan earthquake caused extensive damage to the city, and it was closed to foreign visitors until repairs were completed. The establishment of the Tianjin Economic and Development Area was a major spur to investment and economic revitalization.

Chinese Sign Show China.

Chiese sign, largely speaking, it is the open door and windows to show the Chinese fantastic culture.
One of the lasting legacies of the Olympics is the number of (Chinglish free) bilingual signs that now appear throughout the city. While not quite Hong Kong, it’s now a lot easier for people who can’t read Chinese characters to do everything from take a bus, order a meal, find a public toilet, navigate the city’s streets and delve into the capital’s imperial past. Just because the Games are over doesn’t mean that Beijing has given up on becoming an international city, the city announced that 1,100 large bilingual street signs had been installed in visible locations within the Third Ring Road to help drivers navigate the city’s hutongs. Although we hate dodging cars scraping along narrow lanes as much as the next Beijinger (when will they make NLGX a car-free zone?), we’re in favor of the general trend of making Beijing streets more accessible to the non-Chinese literate.

China city travelling- through words expression

We live in the world, five actions in life: eating, wearing, habiting, using and moving.
The development of the city cannot be separated with these actions. Here, please move your eyes and your fingers to visit Chinese cities in our closely internet Chinese city tour .

China’s economic showpiece never fails to surprise and rarely fails to delight. Walking Shanghai’s streets can give you glimpses into a unique and layered past that includes foreign settlements, jazz-age decadence, and political intrigue and, more recently, an entrepreneurial spirit that’s returning this legendary port to the ranks of the world’s great metropolises.

Discover the Art Deco architecture of the Bund and former French Concession, take in Pudong’s futuristic skyline from a sophisticated Bund restaurant with a cool drink in hand, sample tasty local specialties, dance till dawn, shop till you drop and mingle with the intrepid and forward-thinking Shanghainese. The city’s energy is contagious and there’s something in Shanghai for everyone.