Seven Steps to a Successful Chinese Joint Venture

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Amidst volatile trade winds and political turmoil, Sino-foreign joint ventures are  attracting fresh interest.
Foreign investors surmise that a local partnership could mitigate the impact of negative domestic sentiment. Further, China’s new foreign investment law, effective next year, will in theory reduce the likelihood of board deadlock that has so often ensnared joint ventures.
Nevertheless, numerous other variables contributed to past joint venture failures, so foreign investors would be wise to under- stand these and take steps to avoid the same mistakes. The following seven tips should in- crease the odds your Sino-foreign joint venture relationship will succeed.