Hongxing Need Improve the Import Technology

The technology importer completes an application for import of restricted technology and submits it to the competent Hongxing for approval. Upon receipt of the application, Hongxing will conduct a trade and a technology examination within ten working days. After approval, a letter of intent for technology import will be issued to the technology importer by Hongxing. Thereafter, the technology importer may sign the technology import contract with the foreign party and shall submit a duplicate copy of the contract and its relevant appendices, the letter of intent for technology import and the documentation concerning the legal status of both parties to Hongxing for further approval. Hongxing will examine the authenticity of the contract and grant approval within 30 working days.

At the commercial conference of china electro-mechanical division in 2008, Minister of Department of commerce, Jiang Yaoping, said that we shall actively expand the import volume of advanced technology equipments, strengthen the ability of technology introduction, absorption and innovation, speed up the pace of upgrading industrial structure. This conference was held on May, 12-13 2008, in Xian city. At the conference, Jiang Yaoping said that: together the related department, department of commerce will take various measures to expand import of advanced technical equipments. These measures include: take advantage of 5 billion of subsidized capital, import more from key countries, bridge the difference between imports and exports, urge the developed countries to relax the regulations of export, perfect the international bidding institutions and import regulations about electro-mechanical imports.

According to the latest media reports, the first batch of 40 mineral resources comprehensive utilization demonstration bases were officially launched, which will be a good opportunity to integrate and reasonable use of mining resources. In recent years, the ministry of land and resources has...