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Perfect partners? The joint venture system
HOME > PAST ISSUE > SPECIAL REPORT [Premium content]May 2007
China's automakers grew up on truck manufacturing. When it became clear in the 1980s that a mass market was emerging for sedans, Beijing turned to foreigners to supply the expertise that domestic players lacked.
The initial agreements crystallized into formal joint venture contracts in the 1990s and these enterprises now form the backbone of the industry - joint ventures involving General Motors and Volkswagen accounted for about a quarter of total light vehicle output last year.
The ...
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