Joint Ventures In China: What Every CEO Should Know
June 20, 2012, 6:53 PM EDT
Law360, New York (June 20, 2012, 6:53 PM EDT) -- In China, as in any foreign market, it is difficult to succeed alone. Business practices, language, culture, legal environment and other obstacles make success in China elusive. In addition, Chinese law requires a foreign company to have minority ownership of enterprises operating in certain industries such as banks and insurance companies. For these reasons, joint ventures in China are common.
It also is widely known that the failure rate of joint ventures in China is high, and joint ventures in China have achieved a reputation for...