6. Administration of development and construction of real estate projects using foreign investments shall be strengthened. Foreign investments shall be actively directed to projects related to renovation of older cities and ordinary residential housing projects. Enterprises and projects related to the development and management of real estate using foreign investments shall be examined and approved in accordance with relevant state provisions and within the limits of authority for examination and approval. The Chinese party shall not raise funds for the foreign party， nor provide guarantees for loans the foreign party has outside the territory.
Deluxe real estate projects using foreign investments of and over US$ 30，000，000 shall be examined and approved by the State Planning Commission， （with limits of authority for the administration of other projects using foreign investments remaining unchanged）。 Projects related to tourist hotels shall be handled in accordance with relevant existing provisions. Deluxe real estate projects involving investments of one-hundred million U.S. dollars and over shall be reported by the State Planning Commission to the State Council for examination and approval.
7. Imported materials required for various types of real estate development and construction projects shall， without exception， be subject to import duties， and the value-added and consumption taxes in accordance wi
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