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Limits of authority for examination
and approval |
1 Foreign-invested
projects with a total input of US$ 30 million or greater
shall be submitted by the Beijing Municipal Development
Planning Commisson to the Beijing Municipal Commission for
final examination and approval. Projects for industril upgraking
and renovation and up to thd required bottom line for capital
input shall be submitted by the Beijing Municipal Foreign
Economic Cooperation and Trade Commission to the Beijing
Municipal Gorernment for initial examination an dapproval,
and shall then be submitted to the State Foreign Economic
Cooperation and Tarde Commission for final examination and
approval. If the total capital in investment US$ 100million
for the project, the project shall be cubmitted to the State,
China's highst governing body, for final examination and
approval.
2 Foreign invested production projects
with a total capital input of US$ 5 million or greater,
along with non?production projects of some categories with
a total capital input of US$ 3 million or greater, shall
be subject to examination and approval by the Municipal
Development Planning Commission, or by the Municipal Foreign
Economic Cooperation and Trade Commission if the aforesaid
projects are for industrial upgrading or renovation.
3 Foreign invested production projects
with a capital input of US$ 5 million,along with the project
proposals and feasibility study reports, shall be examined
and approved by the relevant district or county governments
or by municipla bureaus or the relevant general corporations
(groups) that are authorized to do the job. The same rule
applies to foreign?invested projects calling for a capitalinput
of US$ 3 million or less. The results of such examination
and approval shall be reported to the Municipal Development
Planning Commission or the Municipal Foreign Economic Cooperation
and Trade Commission for the record.
4 The Administrative Committee of the Beijing
Economic and Technological Development Zone shall independently
examine and approve any foreign?invested projectto be implemented
in the zone so long as the aforesaid project is subject
to approval and examination by the Beijing municipal authorities.
5 The Administrative Committee of the Beijing
Experimental Zone for Industries Using New Technologies
shall independently examine and approve proposals and feasibility
study reports of foreign invested projects with a capital
input of US$30 million or less if the said projects are
to be implemented in the zone.
6 Forign-invested projects subject to examination
and approval by the relevant departments of the state are
listed as below:
a) Projects falling into Category B listed in the Directory
of Industries for Foreign Investment(revised in 1997)where
foreign investment is restricted;
b) Real estate development projects undertaken in the city
by units affiliated toBeijing based central departments
(PLA departments included) through joint venture or other
forms of cooperation with foreign investors;
c) Projects undertaken by local real estate developers that
involve a construction space of 100,000 square meters or
greater or Chinese?foreign joint venture or cooperative
projects for development of highclass property that call
for US$ 30million in capital input or more
d)Foreign?invested hotels and restaurants meeting four star
or higher standards;
e) Villa-like luxurious housing structures and vacation
villages;
f )Apartment buildings with a construction cost at least
twice as great as the average construction cost for residential
buildings (2,000 yuan per square meter)
g )Office and business buildings and other multi?purpose
structures with a construction cost at least twice as great
as the average construction cost for nonresidential buildings
in Beijing (4,000 yuan per square meter).
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