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Foreign Exchange Payment Procedures When Importing Technology into China

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China Legal Change

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Aug 28, 2001, 12:25:04 PM8/28/01
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The Supplemental Notice Concerning Strengthening Administration for
Technology Import Contracts and the Sale and Payment of Foreign
Exchange addresses procedural matters involved in the "sale" of
foreign exchange by a designated foreign exchange bank to a business
unit in China and "payment" of the foreign exchange to a foreign
exporter by the bank on behalf of the business unit when a business
unit imports technology. When carrying out foreign exchange sale and
payment . . .

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