Article 1 This Law is formulated to expand economic cooperation and technological exchange with foreign countries and to promote the joint establishment, on the principle of equality and mutual benefit, by foreign enterprises and other economic organizations or individuals （hereinafter referred to as the foreign party） and Chinese enterprises or other economic organizations （hereinafter referred to as the Chinese party） of Chinese-foreign contractual joint ventures （hereinafter referred to as contractual joint ventures） within the territory of the Peoples Republic of China...