Any investment project has to go through three procedures for approval -- project proposal (except for foreign-funded enterprises), feasibility study, and articles of association and contract.
2. Feasibility study
3. Examination and approval of contract and articles of association
4. Joint venture contract
5. Articles of association of the joint venture
6. Examination and approval organ for the establishment of a Chinese-foreign equity joint venture
7. Examination and approval organ for the establishment of a Chinese-foreign joint venture
8. Foreign-funded enterprises to be established in China