Sources Of Capital For A Sino-Foreign Equity Joint Venture: A Case Study Of Shanghai General Motors Corporation
Sino-foreign equity joint ventures are firms created by contractual agreements between Chinese and non-Chinese companies. Structured like western-style corporations, these joint venture firms represent an important way for non-Chinese companies to make inroads into the emerging Chinese market. This study of the capital formation of the large joint venture Shanghai General Motors Corporation provides insight into current opportunities and risks facing new joint venture firms in China today. This paper highlights the role that the Chinese government plays in the capitalization of Sino-foreign joint venture firms.
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