Without such approval, Chinese-foreign equity joint ventures may not engage in the export of goods in these categories.

未经批准，中外合资经营企业不得经营此类产品的出口业务。

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Article 12 the operation periods of equity joint ventures may be handled differently according to their particular lines of business and circumstances.

合营企业的合营期限，按不同行业、不同情况，作不同的约定。

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Article 3 the proportion of registered capital and total amount of investment of Chinese-foreign equity joint ventures shall abide by the following provisions.

第二条中外合资经营企业的注册资本，应当与生产经营的规模、范围相适应。合营各方按注册资本的比例分享利润和分担风险及亏损。

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Elan typically takes equity stakes of less than 20% in the companies or joint ventures, so it's not required to consolidate these deals in its financial statements, Teeters says.

FORBES: Elan's spin

As a category, alternative investments ranging from direct investments by foreign corporations in Chinese joint ventures and wholly owned facilities, to investments by private equity firms in all sectors of the economy will continue to be the best way to invest large amounts of capital in China.

FORBES: China Investment Summit

It is no accident that there have been few joint ventures with foreigners, or that, in almost all of those cases, equity stakes have been small.

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