China continues to extend investment deadline for foreign-funded enterprises to deal with financial crisis

BEIJING, March 2 (Xinhua) China's State administration of industry and Commerce and other six departments issued a notice, asked all over the 2010 joint annual inspection of foreign-funded enterprises to assist foreign investment enterprises, continue to extend the investment period of foreign-funded companies and other measures to help them deal with the financial crisis. The business sector will continue to allow the extension of the investment period up to the end of 2010 in accordance with the enterprise application for enterprises whose capital contribution expires after July 1, 2008 and the initial contribution has been paid in accordance with the law.　　For the impact of the international financial crisis, enterprises after the establishment of more than 6 months after the opening, or after the opening of their own business for more than 6 consecutive months, the business sector to allow it to continue to the end of 2010. March 1, 2010 to June 30 for joint annual inspection of foreign-funded enterprises office hours.　　The general Administration of Industry and commerce and other departments require joint annual inspection departments, give full play to the joint annual inspection of the government communication channels function, understand and help foreign investment enterprises to solve practical difficulties, provide quality and efficient services, support the healthy development of foreign investment enterprises.　　At the same time, the six departments require joint annual inspection departments, the failure to declare annual inspection, not truthfully declare the annual inspection, or in the production and operation activities of the illegal, illegal acts of enterprises, according to their respective functions according to law. After the outbreak of the international financial crisis in 2008, the general Administration of Industry and Commerce issued a series of measures to help foreign enterprises to deal with the crisis, for the period after July 1, 2008, due to the expiration of the capital, no illegal records of the enterprise, due to financial constraints can not pay on time, according to the enterprise application, For the impact of the international financial crisis, the enterprise after the establishment of more than 6 months after the opening, or after the opening of their own business for more than 6 consecutive months, allowing it to continue to the end of 2009.