JOINT VENTURES IN CHINA FACE NEW RULES OF THE GAME

Joint ventures between foreign enterprises and business partners in th e People's Republic of China are confronting new economic and legal co nditions. The new conditions require changes in the way that existing JVs operate and that new JV's are structured. Companies planning to fo rm JVs in China are therefore advised to move quickly, establish a rel iable foothold, search for alternatives to bank financing, maintain go od relationships with the authorities, be prepared for their partner b ecoming privatized, invest in quality, and offer state-of-the-art tech nology.