On July 21, 2008, the State Council's Decree No. 527 promulgated the Regulations on the Administration of Foreign Contracted Projects, which was officially implemented on September 1, 2008. Recently, the Ministry of Commerce issued the "Opinions on the Implementation of the Ministry of Commerce" on the implementation of the work, requiring all relevant parties to raise awareness, take the scientific development concept as a guide, conscientiously sum up experience and lessons, comprehensively find job gaps, and propose new improvements. Ideas and new initiatives. At the same time, all provincial-level commerce departments and relevant enterprises are required to further invigorate the spirit, unify their thinking and change their concepts, give full play to their initiative and creativity, and combine the actual work of the region and their own units, strictly in accordance with the "Regulations" and related supporting policies and measures. Requirements, constantly promote the development of foreign contracted projects.
The foreign contracted project is a new business that has gradually developed after China's reform and opening up. In recent years, it has gradually entered the track of rapid development and achieved leap-forward development. It has become one of the main ways of China's foreign investment cooperation. As of the end of July 2008, the total contracted value of foreign contracted projects was 391.18 billion US dollars, and the turnover was 2350.7. One hundred million U.S. dollars.
The Regulations on the Management of Foreign Contracted Projects emphasizes that the state encourages and supports foreign contracted projects, and determines that the goal of business development is to continuously improve the quality and level, and puts forward general requirements for the relevant departments to formulate and improve relevant policies and measures. At the same time, the "Regulations" for enterprises to comply with the laws of the country where the project is located, abide by the contract, respect local customs, pay attention to environmental protection, eliminate vicious competition and commercial bribery, ensure the quality of project engineering, attach importance to safety production and safety precautions, and strengthen the dispatch of laborers. The management and protection of the legitimate rights and interests of laborers are clearly defined. In addition, the "Regulations" also clearly stipulate that the Ministry of Commerce is responsible for the overall supervision and management of this business. The relevant departments of the State Council are responsible for the management of the business within their respective areas of responsibility. The competent department of construction under the State Council is responsible for organizing and coordinating the construction of enterprises to participate in foreign contracted projects. The local competent commercial administrations shall be responsible for the business supervision and management within their respective administrative regions, and the relevant business associations shall formulate industry norms and give full play to the role of coordination and self-discipline.
The implementation of the Regulations on the Management of Foreign Contracted Projects provides legal guarantee for the healthy development of foreign contracted projects, which is conducive to further strengthening the promotion and regulation of this business, and is conducive to the improvement and improvement of the supervision and management of enterprises, and the formation of the survival of the fittest. The market access and exit mechanism is conducive to the formation of a close and coordinated division of labor and a co-management work pattern, laying a solid legal foundation for further promoting this business on the legalization and standardization track.

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