1990.01.01
LIAONING PROVINCE
paid living
allowances according to relevant regulations. Those surplus labor,
either ailing, handicapped or physically weak, may either retire
earlier than the set age or leave the post for a repose. For the
surplus labor that can not be settled, the expenses may be covered with
the profits shared out from the joint venture.
9. Upon entering the practice, if the joint venture shares the
collective welfare facilities with the Chinese enterprise, the
former should make appropriations to improve the collective
welfare and workers' housing conditions of the Chinese investors.
10. If the Chinese investors, upon entering into the practice,
transfer their products to the joint venture for export-oriented
processing, the former may, upon endorsement of foreign exchange
administrations, receive foreign currency and establish a spot exchange
account.
11. If the Chinese enterprise, upon entering into the practice,
processes parts or other products under a collaboration scheme for the
joint venture, it is allowed to be paid labor service charges
by the latter on the condition that the fees for raw materials and
energy are adequately paid.
These regulations are applicable to Chinese investors who enter
into the practice to run joint ventures. Chinese investors who
run productive cooperative ventures where profits are shared out on
the basis of capital investment should apply these regulations
after securing the approval of tax administrations.
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