For these and other reasons (for example, sunk investment, concerns about legal liability for failure to honor contractual commitments, fears of mismanagement by Chinese partners currently running joint enterprises without benefit of the supervision of the involved Western companies, etc.), many businessmen in the United States and elsewhere are currently considering a speedy return to China.
Instead of licensing Ticketmaster's system, however, AEG this week entered a joint venture called Outbox Enterprises.
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.
Wal-Mart has an equally owned joint venture in India with Bharti Enterprises Ltd.
The offsetting of refinery shutdowns in the Northeast by, for instance, the expansion of Motiva Enterprises a joint venture between Shell (RDS.A) and Saudi Refining of its Port Arthur, Texas refinery to 600, 000 barrels a day, may also help prevent supply-constraint driven gasoline prices spikes.
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Partly through joint ventures with Western companies, Chinese enterprises have become important exporters.
"We're laying the foundation for a more effective international legal framework, to shut down exploitative online enterprises, " he told a joint news conference in Brussels.
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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Hutchinson said GE would like to partner with more Chinese state-owned enterprises in strategic areas by forming more joint ventures in the future.
Yet many of the partners, often government-owned enterprises, are so short of cash that they take money out of the joint venture, even if this means cutting back on investment.
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