Law of PRC on Foreign Enterprise 外商投资法(英文).docxVIP

— PAGE \* Arabic 1 — Law of PRC on Foreign Enterprise 外商投资法(英文) LAW OF THE PEOPLES REPUBLIC OF CHINA ON  FOREIGN-CAPITAL ENTER-PRISES  Important Notice:  This English document is coming from LAWS AND REGULATIONS OF THE PEOPLES REPUBLIC OF CHINA GOVERNING FOREIGN-RELATED MATTERS (1991.7) which is compiled by the Bureau of Legislative Affairs of the State, Council of the Peoples Republic of China, and is published by the China Legal System Publishing House. In case of discrepancy, the original version in Chinese shall prevail.  Whole Document  LAW OF THE PEOPLES REPUBLIC OF CHINA ON FOREIGN-CAPITAL ENTERPRISES  (Adopted at the Fourth Session of the Sixth National Peoples Congress, promulgated by Order No. 39 of the President of the Peoples Republic of China and effective as of April 12, 1986)  Article 1  With a view to expanding economic cooperation and technical exchange with foreign countries and promoting the development of Chinas national economy, the Peoples Republic of China permits foreign enterprises, other foreign economic organizations and individuals (hereinafter collectively referred to as foreign investors) to set up enterprises with foreign capital in China and protects the lawful rights and interests of such enterprises.  Article 2  As mentioned in this Law, enterprises with foreign capital refers to those enterprises established in China by foreign investors, exclusively with their own capital, in accordance with relevant Chinese laws. The term does not include branches set up in China by foreign enterprises and other foreign economic organizations.  Article 3  Enterprises with foreign capital shall be established in such a manner as to help the development of Chinas national economy; they shall use advanced technology and equipment or market all or most of their products outside China. Provisions shall be made by the State Council regarding the lines of business which the state forbids enterprises