The registration of chinese - foreign equity joint ventures , chinese - foreign contractual joint ventures and foreign - capital enterprises shall be examined and approved by the state administration for industry and commerce or by local administrative departments for industry and commerce authorized by the state administration for industry and commerce 中外合资经营企业、中外合作经营企业、外资企业由国家工商行政管理局或者国家工商行政管理局授权的地方工商行政管理局核准登记注册。
Article 12 where chinese - foreign contractual joint ventures operate on the basis of product - sharing , the partners thereto shall be deemed to receive income at the time of the division of the products ; the amount of income shall be computed according to the price sold to third party or with reference to prevailing market prices 第十二条中外合作经营企业采取产品分成方式的，合作者分得产品时，即为取得收入，其收入额应当按照卖绘第三方的销售价格或者参照当时的市场价格计算。
