国发（1988）42号
（July 3， 1988）
颁布日期：19880703 　实施日期：19880703 　颁布单位：国务院

　　With a view to further implementing¹ the policy of opening to the outside world and to promoting the all-round development of the national economy， the State Council has decided² to appropriately extend the limits of power vested with the inland provinces， autonomous³ regions， and municipalities separately listed in the state plan， the relevant ministries⁴ and commissions under the State Council， and the State Bureau of Building Materials Industry， the State Administration for Medicine， the State Bureau of Technology Supervision⁵， the State Administration for Environmental Protection， the Civil Aviation Administration of China， the National Tourism Administration， the National Bureau of Oceanography， the National Meteorological Bureau， the State Seismological Bureau， and the Chinese Academy of Sciences in examining and approving foreign investment.

　　With respect to productive projects developed by absorbing foreign investments， provided these projects are in conformity⁶ with the investment orientation⁷ stipulated⁸ by the state， their conditions of construction and productive operations as well as their foreign exchange income and expenditure⁹ do not require comprehensive balance to be conducted by the state， and the export of their products does not involve export quota¹⁰ or administration of export licences， the present limits of authority vested with the aforesaid localities and departments in examining and approving projects with a total amount of investment of five million U.S. dollars or below each shall be extended to ten million U.S. dollars or below each.

　　After approval， the projects shall be reported to the State Planning Commission for the record.

　　Where enterprises with foreign investments are set up by people's organizations， their applications shall be examined and approved by the province， autonomous region， municipality directly under the Central Government， or municipality separately listed on the state plan， where the said enterprises are located.

　　This Circular shall become effective as of the date of promulgation