Article 4

　 　The state shall encourage the establishment of productive contractual joint ventures that are export-oriented or technologically advanced.

　　Article 5

　 　For the purpose of applying for the establishment of a contractual joint venture, such documents as the agreement, the contract and the articles of association signed by the Chinese and foreign parties shall be submitted for examination and approval to the department in charge of foreign economic relations and trade under the State Council or to the department or local government authorized by the State Council （hereinafter referred to as the examination and approval authority）. The examination and approval authority shall, within 45 days of receiving the application, decide whether or not to grant approval.

　　Article 6

　 　When the application for the establishment of a contractual joint venture is approved, the parties shall, within 30 days of receiving the certificate of approval, apply to the administrative authorities for industry and commerce for registration and obtain a business license. The date of issuance of the business license of a contractual joint venture shall be the date of its establishment.

　　A contractual joint venture shall, within 30 days of its establishment, carry out tax registration with the tax authorities.

　　Article 7

　 　If the Chinese and foreign parties, during the period of operation of their contractual joint venture, agree through consultation to make major modifications to the contractual joint venture contract, they shall report to the examination and approval authority for approval, if the modifications include items involving statutory industry and commerce registration or tax registration, they shall register the modifications with the administrative authorities for industry and commerce and with the tax authorities.

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