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Article: Joint Venture of Tire Enterprise in China Mainland.
- Article from:
- China Chemical Reporter
- Article date:
- April 26, 2000
- Author:
CopyrightCOPYRIGHT 2000 China National Chemical Information Center. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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In the recent years many large tire companies and investment companies in the world have been attracted by the great development potential of the Chinese tire market. They have come to China mainland and set up wholly-owned or joint venture tire enterprises. These large tire companies have strong financial standing, advanced technology and scientific management. Their products are of high grade. More than one-third of major state-owned tire enterprises have become joint venture companies. The foreign equity usually accounts for over 50% and the joint venture duration is 30 - 50 years. With the coming of large international tire companies and the increase of joint venture ...