B: What is the price of the total amount of investment?
A: About $6 million. This figure is large enough to provide the construction funds andcirculation capital.
B: How much would China be prepared to invest in this venture?
A: We lay out about 51% of the total investment. This includes, of course, cash, fatorybuildings, the right to use the site, things like that.
B: Is there any regulation on the proportion of investment by foreign investors?
A: The regulation is rather flexible. But the investment by a foreign enterprise should not beless than 25%.
B: I see. How long will a joint venture last?
A: How long do you want?
B: We can fix the term for 10 years first. If we can run the venture well, the period can beprolonged later.
A: An important matter I should mention is that the technology you provide should be thenewest, and during the duration of the joint venture, you should continue offering us yourimproved technology.
B: You ask too much. You certainly realize that technology has a price tag. We spend hundredsof thousands of dollars on scientific research every year. If you ask us to continually offer ourimproved technology, then you need to pay more for that.
A: You must be clear that technology should be always improved; otherwise, our productscannot compete with others.