Two years ago, in an iconic deal between a Chinese manufacturer and an overseas company with a well-known brand, TCL became the dominant partner in a joint venture with Thomson Electronics of France.

两年前，中国制造商和外国知名品牌的完美联姻让TCL变成了与法国汤姆逊电子有限公司合资的支配性合作伙伴。

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In China, with its joint-venture partner, SAIC, GM now has 12% of a market that will soon surpass America's.

在中国，通用与上汽合作的上汽通用已经占了12%的市场份额，即将赶超美国。

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I think for our type of consumer products a joint venture is not suitable because we don't necessarily need a local partner.

我认为合资企业不适合我们这种类型的消费产品。因为我们不需要一位本地合伙人。

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Contrast that with Michael Calvey, a comanaging partner of Baring Vostok Capital Partners a joint venture of Baring, a U.K. firm, and a local group of investors that includes Calvey.

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New joint ventures are being established for fuel-efficient automobiles, including electric vehicles, on the condition that the Chinese partner owns 51% or more of the joint venture.

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One of the last blows, the valuation of Smith Barney that favored joint venture partner Morgan Stanley and made the transaction look like yet another blunder for Pandit, gets no mention in the latest report, but certainly could not have helped his case.

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