CHINA MARKET SIZE POPULATION TOTAL POPULATION: (Millions, 2002) R U S I A UR AM Spanish Institute of Foreign Trade-Country Cards 2003

POLICY FRAMEWORK (October 2003) FORM OF GOVERNMENT: one-party regime. PARLIAMENT: Unicameral parliament called N ational People's Congress, composed of 2970 delegates elected by the provinces, municipalities, autonomous regions and armed forces. The Parliament elects the P resident and members of the Council of State. Elections are held every five year s, the last took place in March 2003. HEAD OF STATE: The President, elected for a period of five years. Since March 2003, Hu Jintao. PREMIER COUNCIL OF STATE: S ince March 2003, Wen Jiabao. As the President is elected for a period of five ye ars. EAST CHINA SEA PARTY ONLY: Chinese Communist Party (CCP), which is the main political organization of the country and is headed by a politburo whose Secret ary General is Hu Jintao. 1284 Population density: (2002) Hab./km2 134.2 HARBIN GROWTH RATE: (2002) 0.65% URBAN POPULATION: (2002) 39.1% SHENYANG KAZAKHSTAN MONGOLIA SEA OF JAPAN NORTH KOREA JAPAN DALIAN TIANJIN (YELLOW) HUANG HE DISTRIBUTION BY GENDER: (2002) MALE: FEMALE: Age distribution: (2002) 51.5% 48.5% PEOPLE MAIN CITIES: (Million inhabitants., Census 2000) BEIJING: (Capital) 13.8 URUMQI

BEIJING Kyrgyzstan SOUTH KOREA 0-14: 15-64: 65 +: 22.4% 70.3% 7.3% CHONGQING: SHANGHAI: TIANJIN: CHENGDU: GUANGZHOU: HARBIN: QINGDAO: 30.9 16.7 10.0 10.0 9.9 9.3 7.5 QINGDAO YELLOW SEA WUHAN SHANGHAI NINGBO FUZHOU TAJIKISTAN AFGHANISTAN PAKISTAN CHENGDU XI'AN CHONGQING YA N INCOME Gross Domestic Product GDP by expenditure components: Current prices (billion yuan, 2001) VALUE% NEPAL RED RIVER RAIL ROAD MAIN AREAS MAJOR INDUSTRIAL AND COMMERCIAL AND SPECIAL ECONO MIC ZONES COASTAL CITIES OPEN 0250500750 1.000 km BHUTAN GT INDIA Ze XIAMEN HO NG UI SH TAIWAN XHANTOU GUANGZHOU SHENZHEN HONG KONG MACAU ZHUHAI Zhanjiang SOCIAL INTEREST DATA ETHNIC GROUPS: 92% of the population is Han and the remaining 8% is made up of 5 6 other ethnic groups considered national minorities. RELIGION: China can be hig hlighted three aspects of religion: the worship of ancestors, the worship of spi rits (virtually extinct since the Communists are in power) and the three teachin gs of Taoism, Confucianism and Buddhism. With less than a minority tradition, Is lam and Christianity. OFFICIAL LANGUAGE: The official language is Mandarin Chine se (Putonghua). There are over one hundred different dialects that prevent liste ning. These include the shanghaihua in the Shanghai area and guangdonghua in the south. The official language coexist also with other languages of the autonomou

s regions. In trade relations with foreigners using English, but it is advisable for an interpreter. INDIA Private consumption Public consumption Gross fixed capital formation Changes in inventories Net exports of goods and services GDP at market prices 64.8 220.5 1302.9 4592.3 3681.3 9861.8 46.6 13.2 37.3 0.7 2.2 100.0 MYANMAR (BURMA) LAOS VIETNAM HAIN SOUTH CHINA SEA PHILIPPINES GEOGRAPHIC FEATURES The People's Republic of China (9.561 million km2, of which only 11% is arable l and and 36% are pastures and forests) is the third largest country in the world and accounts for more than 6% of the global land surface. Topographically can be considered three main areas: the mountainous region southwest of the high Tibet an plateau (over 4,000 m of average altitude), the extensive and relatively high north and west, from the Afghan border to the plains of Manchuria in the northe ast , which is occupied mostly by desert, and the eastern region extending from Manchuria in the north to Hainan Island in the south and contains the most ferti le plains and all fishing trips, while the core Traditional Chinese original and the most densely populated. The country's major rivers are the Yangtze and the Huang He (Yellow). Cross the country from west to east and the valleys are roads inland. Other important rivers are the Hongshui-Zhu Jiang (Pearl), in the south , and the Amur, on the northeastern border, as well as a number of South and Sou thwest, born in the Tibetan heights, until they reach beyond of China to the Ind ochinese Peninsula and India. The climate is varied because of the vastness of t he country. In the north is extreme continental, with cold, dry winters and hot summers, in the center and east, continental moderate in the south, tropical and subtropical, and in the west desert.€The rainiest months are July and August, w hen the monsoons are traveling from south to north eastern China. (2001) (2002) REAL GROWTH OF GDP: 7.3% 8.0% (2001) (2002) AVERAGE TEMPERATURES (Shanghai) JANUARY: 1 to 8 º C July: 23 º to 32 º C (Beijing) GDP PER CAPITA: (U.S. dollars)

905 930 -15 º to 0 º C 28 º to 35 º C NATURE OF THE ECONOMY ECONOMIC ACTIVITY EMPLOYED POPULATION BY SECTOR: (2001) TRANSPORT INFRASTRUCTURE GDP by industry (Percent structure, 2001)% AGRICULTURE: INDUSTRY: SERVICES: 50.0% 22.3% 27.7% UNEMPLOYMENT RATE: (2002) 10,0% Agriculture, forestry and fishing Construction Transport and Communications Indu stry Trade and distribution Other services GDP at factor cost 15.2 44.4 6.7 5.4 8.2 20.0 100.0 ROADS: The road network consists of 1.698 million km, of which approximately 19 437 km 25 214 km of motorways and first class roads. In 2001, road traffic was 7 20 700 million passenger-km and 633 000 billion t-km. The road network has expan ded according to the needs of the economy. RAIL: The rail network comprises 70,1 00 km, mostly concentrated in the eastern part of the country. In 2001, railways carried 476.7 thousand million passenger-km and 1.4575 million billion t-km. Th e lines are congested and overused. PORTS: The biggest port is Shanghai, responsible for 15% of marine cargo in 2001 . Are expanding their facilities. It is currently among the seven ports with gre ater cargo volume in the world. The main ports of the country, with reference to the region they serve, are Dalian (Northeast), Tianjin and Qingdao (Beijing and northern China), Shanghai and Ningbo (east) and Guangzhou, Shenzhen and Xiamen (China Southern). In 2002, freight traffic by inland waterways was 2.6481 millio n billion t-km. AIRPORTS: The main airports are: Beijing, Guangzhou Baiyun, Shan ghai Hongqiao, Pudong Shanghai, Chengdu, Shenzhen and Xiamen. The main airlines are Air China, China Eastern (Shanghai) and China Southern (Guangzhou). PRICES: (Variation 2002 / 2001) WHOLESALE PRICES: Consumer prices: -2.2% -0.8% PA LES Í CHARACTER STICASDELOSPRINCI PRODUCTIVE SECTORS The agricultural sector continues to have a very significant weight in the Chine se economy, especially in terms of employment, exports and production, although its share in total GDP has declined significantly. The rural population has incr eased from 79% to 66% (856 million) of the total population of China in the last

twenty years. The arable land represents only 10% of the entire country and con tinues to decline. They highlight the high proportion of irrigated area (33%) an d low levels of productivity due to the intensity of labor and the very low leve l of mechanization. The type of crop is generally intensive, and major agricultu ral products are wheat, rice, corn and soybeans (which represent over 60% of the cultivated area), as well as oilseeds and cotton. China has vast expanses of gr assy steppes in the north and northwest of the country where sheep and cattle fa rming, although it is a very small nomadic livestock performance. Mining has an important place in the Chinese economy, with significant reserves of tungsten, m olybdenum, phosphates, titanium and iron minerals that give rise to a major stee l industry, as well as significant exports of antimony, tin, mercury and rare ea rth metals and of crucial importance for the international industry of high tech nologies. The energy sector is based on coal (China is the world's largest produ cer), with significant oil and natural gas. China is the fifth country in the wo rld electricity production, but its per capita consumption is very low. The prod uction is obtained in more than 70% in conventional thermal power plants fired w ith coal. However, begin to take hold of hydropower, with major projects like th e Three Gorges, and the use of alternative energies (primarily solar and wind). The manufacturing industry has grown at a very high rate over the last decade, e specially in the rural light industry, of increasing importance in the Chinese e conomy. However, it still carries the burden of the socialist model and its syst em of central planning: antiquated facilities, excess manpower, low productivity , low quality, price controls for many of its inputs and outputs and mismatch of supply and demand market.€Membership in the WTO and the subsequent process of e xternal openness is driving a process of closure or reform of outdated industrie s, as well as the partial privatization of state enterprises. The main subsector s are textiles, machinery, metallurgy, chemistry and electronics. Recently it ha s been giving special impetus to the steel industry, petrochemical, shipbuilding and aviation. China's textile industry is the world's largest production and ex port. It should be noted the huge boom in the automotive industry, whose product ion increased by 35% in 2002, making China the second largest in Asia behind Jap an. Plan to expand the services sector, still very little developed in parallel with the modernization of the economy, especially in Special Economic Zones. Tou rism is also presented as a sector of great potential. Visited the country in 20 00 31.2 million tourists. An important part of that tourism, the Chinese are res iding abroad. GOVERNMENT DEFICIT: (2002) 3.0% GDP BUSINESS AND BANKING SERVICES MARKETING To sell in China, the ideal way is a specialized agent and institutionally well connected. If the exporting firm has a large volume of business in this country, it may be advisable to open a representative office in China. For the export of equipment and machinery must go to the end users (companies wishing to import a nd agencies with purchasing power) and the Foreign Trade Corporations (CCE). Whe n a Chinese company without an import license needs to import such goods, more o ften than not you order some PPAs under license. From there the CCE contact with foreign companies usually already know, which present their bids. The company m akes decisions about the purchase, but CCE is the one signing the contract and o pen the letter of credit. It may also happen that the importing company without a license and the foreign exporter direct contact and negotiate the purchase, wi th or without the intervention of the ECC, and after reaching an agreement come to the ECC to sign the contract, system begins to prevail. The other possibiliti es for sale in China of these products are directly address any of the companies to which they have been awarded licenses to import or to participate in interna tional tenders for projects funded by multilateral agencies. Recently it has ope

ned the possibility of trading with foreign companies through joint ventures wit h a local partner. For the sale of raw materials and semi-manufactures, the proc edure is similar, but more simple and flexible. It may be instances of direct sa les or additional support, but not essential by the agents. Typically, consumer goods are imported through joint ventures or by some department stores as franch ises. Regarding technology transfer, the preferred modality by the Chinese Gover nment, if it is an already established brand in this market is likely to be made a direct sale, but more often is that technology transfer is to a contribution of capital for the creation of a joint venture. To penetrate with any type of go ods in the Chinese market, it is essential that it be internationally competitiv e. It also requires time and is expensive, as it is important the personal conta ct with end users, as well as with manufacturers, both Chinese and foreign entre preneurs. The economic and trade offices in Beijing and Shanghai Spain can provi de CCE listings, agents, companies and fairs, as well as advise and arrange inte rviews. BANKS The People's Bank of China has, since 1984, the central bank functions, taking c are to act as treasurer of the state, issuing currency, formulation and implemen tation of monetary policy. The newly created Banking Sector Regulatory Commissio n (CBRC) has relieved the Bank of China as an instrument of regulation and super vision of the entire banking system. The Chinese banking sector is composed also by four large state-owned banks (the Investment Bank of China, People's Constru ction Bank of China, Agricultural Bank of China and the Industrial and Commercia l Bank of China). These four banks handle the vast majority of operations. With banking reform is expected that these banks act as genuine commercial banks, whi le for developed assume its functions as state agents have created three new ban ks: the State Development Bank, the Export-Import Bank,€and the Agricultural Dev elopment Bank. Along with them have appeared in recent years a number of regiona l banks, mainly in the east and south, whose size is still small compared with t he state. Banco Bilbao Vizcaya Argentaria, Banco Sabadell and Banco Santander Ce ntral Hispano have representative offices in Beijing. BALANCE OF PAYMENTS (Millions of U.S. dollars, 2002) * Trade balance Exports (FOB) Imports (FOB) services and income Current transfers Current account Capital account Direct investment Portfolio investment Other inv estment Financial account Net errors and omissions Overall balance 44,167 325,651 -281,484 -21,728 12,984 35,422 -50 46,790 -10,343 -4,106 32,341 7 ,504 75,217 * A negative sign (-) means a debit. EXTERNAL DEBT (Millions of U.S. dollars at end of period, 2002) Total external debt 168 500 External debt / GDP 13.7% MARKET OPENNESS AND ACCESSIBILITY MARKET OPENING DEGREE (Goods, 2002)

EVOLUTION OF EXCHANGE RATES (Period average) 2000 2001 2002 2003 * FOREIGN TRADE (IMPORT Export.ar +.) / GDP Imports / GDP 50.2% 23.9% TOTAL IMPORT / EXPORT GLOBAL TOTAL IMPORT / EXPORT WORLD 4.4% 5.1% Chinese Yuan / USD = U.S. Dollar / EURO = * January to September. 0.924 7.649 0.896 7.416 0.946 7.830 1.111 9.208 STRUCTURE OF FOREIGN TRADE GEOGRAPHICAL DISTRIBUTION OF CHINESE FOREIGN TRADE (Percent structure, 2002) MARKET ACCESS TRADE REGIME Traditionally the government has strictly controlled imports and exports. Could only operate with the outside who have licensed. Each industry had its Foreign T rade Corporation (the only licensed) that monopolized the import and export. The se corporations imported goods in accordance with central directives of the Five Year Plans. Once the property was in China, by the existing distribution system were sent to regional centers and from these premises. Foreign producers had li ttle or no contact with end customers. The foreign-invested enterprises were onl y allowed to import components for its operations and export their own products. Foreign Trade Corporations have led the Chinese to increased costs, and that th ey should pay 0.5% of the value of goods exported or imported by simply giving i ts approval by an official stamp. The Government, mindful of the passive role of corporations and to the national economic slowdown took steps to encourage comp etition from Chinese companies abroad. So today, although there are still foreig n trade licenses have increased in number of companies that have them. Among the m, the marketers of new creation. As for foreign companies or foreign participat ion in the context of WTO accession, China agreed to liberalize trade within thr ee years. From March 1, 2003, can operate with foreign joint ventures in which b oth partners have had a trade volume exceeding $ 30 million during the three yea rs preceding the application for the license to the Ministry of Commerce (MOFCOM .) These restrictions are considered contrary to the commitments made, and the EU seeks to these interim rules are replaced by other final involving real liber alization. IMPORTS REST OF WORLD JAPAN 18.1% 19.7% EE. UU. 21.5% EXPORTS 17.0% REST OF WORLD AUSTRALIA CANADA 1.4% 1.3% 1.5% MALAYSIA 2.0% TAIWAN HONG KO NG SINGAPORE 2.1% 18.0% 4.8% SOUTH KOREA EU 13.1% GERMANY 5.6% ITALY 1.5% FRANCE 1.4% 4.6% OTHER EU

INDONESIA 1.5% THAILAND 1.9% AUSTRALIA 2.0% SINGAPORE 2.4% RUSSIA 2.8% MALAYSIA 3.1% TAIWAN 12.9% 9.7% SOUTH KOREA EE. UU. 9.2% 3.6% HONG KONG EU COUNTRIES KINGDOM GERMANY FRANCE ITALY REST EU JAPAN 15.5% 3.9% 3.5% 1.5% NET HERLANDS KINGDOM 1.3% 14.9% 2.8% 2.5% PRODUCED BY CHINESE FOREIGN TRADE Chapters of the Harmonized System (millions of U.S. dollars, 2002) VALUE% CHANGE 02/01 HISPANO-CHINA BILATERAL TRADE Tariff chapters of the EU's Combined Nomenclature (thousands of euros, 2002) VALUE% CHANGE 02/01 IMPORTS (CIF) 85. 84 Electrical machinery and apparatus. Nuclear reactors, boile rs, machinery and mineral oils 27.Combustibles 39. Plastics and articles thereof 90. Optical instruments and apparatus 72. Iron and steel 29. 87 Organic chemica ls. Motor vehicles, tractors 74. Copper and articles thereof 26. Ores, slag and ash Remaining Imports Exports (FOB) 85. 84 Electrical machinery and apparatus.€N uclear reactors, boilers, machinery 62. Clothing, not knitted 61. Clothing, poin t 95. Toys 64. Footwear 94. Furniture 27. Mineral fuels and oils 39. Plastics an d articles thereof 42. Remaining leather manufactures exports 295,300 73,311 52,194 19,327 17,379 13,477 13,239 11,157 6,478 5,668 4,279 78,79 1 325,642 65,151 50,851 20,590 15,987 11,606 11,091 9,858 8,358 8,040 7,830 116, 280 21.2 31.1 28.7 10.1 13.9 37.8 20.9 24.3 42.9 16.0 2.4 10.9 22.3 27.0 51.2 8.6 18 , 7 27.8 9.9 30.4 -1.7 20.0 12.0 16.4 SPANISH EXPORTS (FOB) 84. Nuclear reactors, boilers, machinery 87. Motor vehicle s, tractors 85. 39 Electrical machinery and apparatus. Plastics and articles the reof 29. Organic chemicals 25. Salt, sulfur, earths and stone 99. Positions of r egrouping 90. Optical instruments and apparatus 32. 86 Tanning or dyeing. Vehicl es and railway equipment exports Remaining SPANISH IMPORTS (CIF) 85. 84 Electric al machinery and apparatus. Nuclear reactors, boilers, machinery 95. Toys, games 62. Clothing, not knitted 42. 61 Articles of leather. Clothing, point 64. Footw ear 94. Furniture 90. Optical instruments and apparatus 39. Plastics and article s thereof imports Remaining 787,541 140,858 91,584 85,155 53,239 52,841 31,309 25,831 23,267 20,489 20,289 2 42,679 5,610,654 976,929 682,363 476,226 418,153 291,248 262,875 201,633 185,317 181,656 181,294 1,752,960 2.9 24.1 49.6 185.9 -8.1 -31.3 -2.7 8.9 22.9 52.9-30.1 23.1 10.5 22.9 6.1 25 , 5 2.5 2.6 13.4 23.7 13.0 14.5 -0.4 TARIFFS Since 1992, the Chinese tariff nomenclature is based on the International Harmon ized Commodity Description and Coding System to the six-digit level and consists of subdivisions to a second tier of eight digits. Since China joined the WTO in 2001, the average tariff has fallen from 16.4% to 11.0% today, with the aim of continuing this trend to reach 7.8% in 2005. After admission to the WTO, tariffs will never be higher than those fixed for each year for every product. Imports are also subject to tax on sales volume and VAT. MEMBERSHIP ORGANIZATIONS COMMERCIAL AND ECONOMIC UN CONFERENCE ON TRADE AND DEVELOPMENT (UNCTAD) World Bank (WB) International Mo netary Fund (IMF), WORLD TRADE ORGANIZATION (WTO) Asian Development Bank (ADB) C ONFERENCE ON ASIA-PACIFIC ECONOMIC COOPERATION (APEC) ASSOCIATION Southeast Asia

n Nations (ASEAN), observer LEGAL FRAMEWORK FISCAL SYSTEM All foreign companies in China, whatever their legal form are subject to the Uni fied Tax for Foreign Companies (the equivalent of corporate income tax). The nat ional rate is 30% plus 3% local. A series of preferential policies for foreign c apital companies in which they vary depending on the location, sector and export potential of the same. However, compliance with its WTO agreements require Chin a to eliminate such discriminatory policies in the coming years. There is a basi c VAT rate of 17% and two reduced rates, a 13% for agricultural products and foo d and another 6% for small-scale sales. Most services are not subject to VAT but with a tax on sales volume ranging between 3% and 20%. This too is changing, an d many services are becoming subject to VAT instead of the other tax. The snuff, alcohol and petrol are subject to excise duty. The R.P. China signed with Spain on November 22, 1980, an agreement to avoid double taxation and prevent tax eva sion, which entered into force on May 20, 1992 (BOE, 25/06/1992). PRACTICAL INFORMATION CURRENCY The monetary unit is the yuan (Y), local transactions denominated in Renminbi (R mb) = 100 fen (cents), issued in coins of 10 fen (1 jiao), 20 fen (2 jiao) and 5 0 fen (5 jiao) and 1 yuan, and bills of 2, 5, 10, 50 and 100 yuan. LINKS FROM SPAIN AIRWAY: The major European airlines have several flights a week between China and major European capitals, where it is easy to connect to the Spanish cities. China East ern Airlines offers two weekly flights from Madrid to Beijing and Shanghai. LOCAL TIME GMT plus eight hours. Seven hours ahead of mainland Spain and the Balearic Islan ds in winter and six hours in summer. By Sea: Several shipping lines offer regular services direct transport of goods between Spanish ports, mainly Algeciras, Barcelona and Bilbao, and Chinese, most notably Shanghai.€Hong Kong is widely used as a transshipment port. WORK SCHEDULE BANKS MONDAY TO FRIDAY 8:30 to 17:00, with an interval TO EAT FOR AN HOUR AND A HALF T O TWO HOURS may start at 11:30 or 12:00. SATURDAY: 08:00 to 13:00 pm in alternat e Saturdays. LAND: PUBLIC ADMINISTRATION MONDAY TO FRIDAY 8:30 to 17:30, with an interval TO EAT FOR AN HOUR AND A HALF T O TWO HOURS may start at 11:30 or 12:00. Although little used from Spain, there is a rail link with European networks thr ough the Trans-Siberian Railroad or. USEFUL ADDRESSES IN CHINA (Mainland) EMBASSY OF SPAIN IN BEIJING (BEIJING) CHANCELLOR 9 Sanlitun Lu Beijing 100 600 Tel.: 00 (86) 10-6532 3728 / 1445 fax: 00 (86) 10-6532 3401 ce: embespcn@mail.mae.es CONSULAR SECTION 18, Liang Ma He N an Lu 100 600 Beijing tel.: 00 (86) 10-6532 0780 / 81/82 fax: 00 (86) 10-6532 07 84 USEFUL ADDRESSES IN SPAIN

EMBASSY OF THE PEOPLE'S REPUBLIC OF CHINA IN MADRID CHANCELLOR Arturo Soria, 113 28043 Madrid tel.: 91 519 4242 fax: 91 519 2035 BILATERAL INVESTMENT The R.P. China and Spain signed an agreement on promotion and reciprocal protect ion of investments on February 6, 1992 which came into force on May 1, 1993 (BOE , 10/04/1993). SHOPS VERY VARIABLE. OFTEN, EVERY DAY OF THE WEEK 9:00 to 21:00. STANDARDIZATION AND CERTIFICATION OF PRODUCTS Regarding standardization, Standardization Administration of China (www.sac.gov. cn) is affiliated to the International Organization for Standardization, and is responsible for the development of a large number of rules on agricultural and i ndustrial products. Moreover, the National Certification of China (www.cnca.gov. cn) deals with defining the requirements for certification of products, increasi ngly, as from the incorporation of China into the WTO, the same for imports or d omestic production, such as the system entered into force recently CCC (China Co mpulsory Certificate), which affects a number of products, mainly industrial. Th e publication and verification of conformity of imported products is performed b y the National Administration of Quality Supervision, Inspection and Quarantine (www.aqsiq.gov.cn). In some particular cases also may involve other agencies suc h as the Ministry of Health for registration of cosmetics. In this regard it sho uld be noted that this process of unification and renewal of certification requi rements determined that many of these requirements are changing now, so it is re commended that Spanish companies to verify the current status for the products y ou want to export to China. VACATIONS AND HOLIDAYS Yearly holidays: Holiday periods vary greatly depending on the status of the worker, the distance from the workplace to the residence of the family, etc., There is no uniform pe riod for all workers. COMMERCIAL OFFICE OF THE PEOPLE'S REPUBLIC OF CHINA IN MADRID Arturo Soria, 142 28043 Madrid tel.: 91 234 2244 / 88 Fax: 91 519 4675 HOLIDAYS: January 1, Chinese Lunar New Year (variable, four days between January and Febru ary), May 1, 1 and 2 October (National Days). Taking advantage of the May 1 holi day is granted a full week of vacation. ECONOMIC AND COMMERCIAL OFFICE OF EMBASSY OF SPAIN In Beijing 14, Liang Ma He Nan Lu 2-2-2, Ta Yuan Beijing Office Building 100 600 tel.: 00 ( 86) 10-6532 2072 fax: 00 (86) 10-6532 1128 cc: @ pekin.ofcomes buzon.oficial. mc x.es SECRETARY OF STATE FOR TRADE AND TOURISM. MINISTRY OF ECONOMY Paseo de la Castellana, 162 28046 Madrid tel.: 91 349 3500 fax: 91 349 5242 cc: @ sscc.mcx.es buzon.oficial.secyt HEALTH PRECAUTIONS Tap water is not drinkable in any Chinese city, you have to take it always boile d. In the hotel provides a thermos for each room. Depending on the area to visit is recommended prior information about precautions to take. In Shanghai Westgate Mall, 25th floor Nanjing Xi Lu, Shanghai 200 041 1038 tel.: 00 (86) 216217 2620 / 10 Fax: 00 (86) 21-6267 7750 cc: @ shanghai.ofcomes buzon.oficial. m

cx.es SPANISH INSTITUTE OF FOREIGN TRADE (ICEX) Paseo de la Castellana, 14-16 28046 Madrid tel.: 91 349 6100 fax: 91 431 6128 ww w.icex.es PROTECTION OF PATENTS AND TRADEMARKS China is part of the Paris Convention for the Protection of Industrial Property and the Convention Establishing the World Intellectual Property Organization (WI PO). Specific issues regarding patents, is a signatory of the Treaty on Patent C ooperation Treaty (PCT). Also part of the Madrid Agreement Concerning the Intern ational Registration of Marks and the Protocol.€Patents are registered with the China Patent Office or other agencies dealing with it. It is advisable for Spani sh companies register their patents in China as soon as possible to avoid furthe r problems. The new Chinese Patent Law provides protection for 20 years, and the trademark registration is valid for 10 years, renewable for further periods of 10 years. ENTRY FORMALITIES Valid passport with a validity period of at least six months and a visa issued b y Chinese Embassy or Consulate. For business visa need to submit a letter or tel ex of invitation from a Chinese company or organization. Use caution with the ex piry date of the visa, since the fine for exceeding the authorized stay is 5,000 yuan. CONSULATE GENERAL OF SPAIN IN SHANGHAI Room 301/303/305 CHANCELLOR 12, Zhong Shan Dong Yi Road, Huang Pu District Shang hai 200 002 Tel.: 00 (86) 21-6321 3543 fax: 00 (86) 21-6321 1396 POWER Voltage: 220 V, single phase, 380 V, three phase. Frequency 50 Hz SOURCES: Economic and Commercial Office Embassy of Spain in Beijing, Databases I CEX, Bank of Spain, National Bureau of Statistics (China), World Bank, IMF, WIPO , WTO, The Economist Intelligence Unit OCTOBER, 2003 Legal Deposit: M-NIPO 00000-2003: 381-03-007-9 ISBN: 84-7811-503-X