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Any foreign-funded enterprise that fulfills the following requirements simultaneously may be confirmed as an export-oriented enterprise:
1.It should be a manufacturing enterprise producing tangible goods for export.
2.Its products are mainly for export(including export by the enterprise itself, or through the agency of a foreign trade company, or in other ways) and the total value of its exports should account for more than 50% of the total output in the current year of production.
3.A balance should be achieved between revenues and expenditures in foreign exchange, and with a surplus, in the current year of operation.
Any enterprise that meets the following conditions may be confirmed as technologically advanced enterprise:
1.It belongs, in general, to a trade, or involves itself in a project, encouraged by the State for foreign-overseas investment.
2.The adoption of practical processing technology and equipment of an internationally advanced in quality and the products so produced could be considered as newly developed in China, or as really advanced in quality and technical performance in comparison with similar or like products manufactured in China.
3.In general, an agreement on technology transfer is signed, or a specific clause for technology transfer included in the equity or contractual joint venture contract, detailing the contents of the transfer, the technical and product standards, the steps for executing the technology transfer, the time limit for attaining the technical and product standards and the progress of the localization of spare parts and components.
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