International Joint Ventures in China from a Managerial Perspective: A Comparison between Different Sources of Investment
Since its adoption of an ‘open door’ policy in 1978, the People’s Republic of China (PRC) has attracted increasing attention in the global economy. Its record of attracting foreign direct investment (FDI) is particularly impressive. As of the end of September 1994, more than 210 000 foreign-funded ventures were approved with pledged investment of US$275 billion. The actual investment to date is around US$85 billion (Financial Times, 1994).
KeywordsForeign Direct Investment Capital Expenditure Local Partner International Joint Venture Partner Selection
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