The Government of the People's Republic of China and the Government of Romania (hereinafter referred to as the Contracting Parties),

Intending to create favourable conditions for investments by investors of one Contracting Party in the territory of the other Contracting Party,
Recognizing that the reciprocal encouragement, promotion and protection of such investments will be conducive to stimulating business initiative to the investors and will increase prosperity in both States,

Desiring to intensify the economic cooperation of both States on the basis of equality and mutual benefits;

Have agreed as follows: