Any foreign-funded enterprise
that fulfills the following requirements simultaneously
may be confirmed as an export-oriented enterprise:
1.It should be a manufacturing enterprise producing
tangible goods for export.
2.Its products are mainly for export(including
export by the enterprise itself, or through the
agency of a foreign trade company, or in other
ways) and the total value of its exports should
account for more than 50% of the total output
in the current year of production.
3.A balance should be achieved between revenues
and expenditures in foreign exchange, and with
a surplus, in the current year of operation.
Any enterprise that meets
the following conditions may be confirmed as technologically
advanced enterprise:
1.It belongs, in general, to a trade, or involves
itself in a project, encouraged by the State for
foreign-overseas investment.
2.The adoption of practical processing technology
and equipment of an internationally advanced in
quality and the products so produced could be
considered as newly developed in China, or as
really advanced in quality and technical performance
in comparison with similar or like products manufactured
in China.
3.In general, an agreement on technology transfer
is signed, or a specific clause for technology
transfer included in the equity or contractual
joint venture contract, detailing the contents
of the transfer, the technical and product standards,
the steps for executing the technology transfer,
the time limit for attaining the technical and
product standards and the progress of the localization
of spare parts and components.