Provisions on Foreign Investment in Civil Aviation Industry
Provisions on Foreign Investment in Civil Aviation Industry
Provisions on Foreign Investment in Civil Aviation Industry
Order of the Civil Aviation Administration of China, the Ministry of Foreign Trade and Economic Cooperation of the People's Republic of China, and the State Development Planning Commission No. 110
June 21, 2002
The Provisions on Foreign Investment in Civil Aviation Industry, which were adopted at the Executive Meeting of the Civil Aviation Administration of China, the Ministry of Foreign Trade and Economic Cooperation and the State Development Planning Commission and approved by the State Council on December 10, 2001, are hereby promulgated and shall come into effect as of August 1, 2002.
Provisions on Foreign Investment in Civil Aviation Industry
Article 1 In order to further expand the opening of the civil aviation industry in China (hereinafter referred to as civil aviation), promote the reform and development of civil aviation, and protect the legitimate rights and interests of investors, the Provisions have been enacted in accordance with the Law of the People's Republic of China on Sino-Foreign Equity Joint Ventures, the Law of the People's Republic of China on Sino-Foreign Cooperative Joint Ventures, the Provisions on Guidance of Foreign Investment Direction, and the Catalog for Guidance of Foreign Investment Industries (hereinafter referred to as the Guidance Regulations and the Catalog respectively), and all other applicable laws and provisions concerning civil aviation.
Article 2 The present Provisions shall apply to investment in civil aviation made by foreign companies, enterprises, and other economic organizations or individuals (hereinafter referred to as "foreign investors").
Article 3 The scope of civil aviation with foreign investment shall include the following: civil airports, public air transport enterprises, general aviation enterprises, and all other related air transport projects. Foreign investors shall be forbidden from investing in and managing air traffic control systems.
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