He wants to focus on the school rather than dissipating energy on risky foreign ventures.
China requires foreign ventures to export up to 70% of their production.
The other big Hollywood-centred companies also have foreign ventures.
Even privately owned enterprises and foreign joint ventures depend on good relations with government officials to enter and stay in a certain line of business.
Beijing also promised to lower duties on capital goods imported by foreign joint ventures, acknowledging that the previous removal of tax breaks had hurt investment.
For this and other reasons, foreign joint ventures, despite their number, accounted for only six percent of annual life insurance premiums paid in China in 2010.
Dozens of foreign businesses and joint ventures are closing under pressure from regulators.
So far, most of the models produced have come from joint ventures with foreign manufacturers like General Motors and Volkswagen.
Vietnam's 11 car companies, most of them joint ventures with foreign firms, sold a total of only 5, 000 vehicles in 1998.
The interests of Brazilian travellers might be better served if the airlines rationalised their international routes and sought joint ventures with foreign airlines instead.
In addition, the company owns about 2.5% of Iridium, a satellite-telecoms venture led by Motorola, and shares in several lucrative natural-resource joint ventures with foreign firms.
They will find themselves well placed on graduation day to land lucrative jobs with the foreign companies and joint ventures that tend to concentrate in the big cities.
With these ventures many foreign investors entered the Turkish market.
Despite his early setback in the tyre business, Mr Sabanci has made a speciality of joint-ventures with foreign partners, striking 17 since 1985 in sectors as diverse as cars and cigarettes.
Meanwhile, those very same partners are designing and producing their own models independently of their joint ventures with the foreign companies.
That interest is coupled with pressure to make sure foreign nationals, and their business ventures, are safe.
Under the new agreement, Chinese companies will own at least 51% of the joint ventures, and the foreign joint venture partners will need to provide key areas of technology to even have minority ownership.
But they also said that China is catching up fast in other areas of civil and military aviation technology, thanks in large part to technology transferred by foreign aerospace companies in Chinese joint ventures.
Next come the joint ventures between private (often foreign) companies and Chinese state-backed entities.
Foreign investment firms Atomico, EarlyBird Ventures, Hummingbird Ventures, and Intel Capital have all rolled out a presence in Istanbul.
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Foreign banks need to be in joint ventures to access much of the trading in China, while in Singapore, for instance, they dominate more than 50% of the market's trade.
Many foreign investors in China have opted for joint ventures with local firms.
Whatever the globalized future of Japanese corporations, joint ventures or deep strategic alliances with foreign companies are unlikely to become a major feature.
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Rather than make fresh acquisitions, says Mr Butters, foreign investors are more likely to form joint ventures, as Michelin has done with Tigar, a local tyre maker.
But as Martin Rama of the World Bank points out, Vietnam has almost no middling private firms between these mom-and-pop ventures and big exporters backed by foreign investors.
They also have expanded brokerages' businesses and let foreign companies boost their presence in local securities joint ventures among other measures.
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Foreign and Chinese firms that wanted to enter joint ventures had no way of gauging the counterparty risk of potential partners.
The company operates 11 joint ventures in China and two wholly owned foreign enterprises, and counts with more than 35, 000 employees.
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Foreign oil firms must operate as minority partners in joint ventures with it.
Foreign investment in India's power sector is still paltry, even though foreign companies are allowed to control 100% of Indian ventures.
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