I want to know more about the joint venture policy of your country.

Our Jiont Venture Law provides that the lowest foreign investment proportion shall be 25%, but there isn't an upper limit. What percentage do you intend to invest?

China wants to attract as much investment as possible.

Our government won't nationalize or requisition investment and any property of investors.

We shall adopt the regular forms of international economic cooperation.

Our new policy of opening to the outside world presents unricalled opportunities for joint ventures.

We operate on the basis of equality and mutual benefit.

A joint venture can operate only after having obtained approval of the Chinese government.

The parties to the venture may contribute cash, capital goods and industrial property right, etc, as their investment.

I should like to discuss with you ways in which we build a chemical works as a joint venture.

We are willing to build a mutually advantageous manufacturing relationship with your firm.

Generally speaking, in a jiont venture, the proportion of investment by the foreign investors should not be less than 25%, but there isn't an upper limit.

We have had many opportunities to see that your firm is a reliable partner.

If new technology is essential to competitiveness, I will share the technology with you.

I have every reason to believe that the future is very promising.

During the term of the joint venture, we think you should continue offering us your improved technology.

All other managing directors and manager and agreed upon by both parties.

Each side of the joint venture will take one of the positions.

The joint venture is to be put under the guidance of the board of director.