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DECISION OF THE STANDING COMMITTEE OF THE NATIONAL PEOPLE'S CONGRESS ON AUTHORIZING THE MINISTRY OF FOREIGN ECONOMIC RELATIONS AND TRADE TO EXERCISE THE POWER OF RATIFICATION OF THE FORMER FOREIGN INVESTMENT COMMISSION

    The 22nd Meeting of the Standing Committee of the Fifth National People's
Congress, in its Decision on the Question of Structural Reform of the State
Council, decided to establish the Ministry of Foreign Economic Relations and
Trade through a merger of the Import and Export Commission, the Ministry of
Foreign Trade, the Ministry of Foreign Economic Relations and the Foreign
Investment Commission, In view of this, the power of ratification formerly
exercised by the Foreign Investment Commission pursuant to the Law of the
People's Republic of China on Chinese-Foreign Equity Joint Ventures and other
laws and regulations concerning foreign economic relations shall hereafter be
exercised accordingly by the Ministry of Foreign Economic Relations and Trade.?