Being lack of the practice experience, the establishment of the modern corporation system in China asks for the combination of China's reality with the overseas experience and lessons.

在缺乏实践经验的情况下，现代企业制度的建立就必须在结合中国实际情况的前提下，充分借鉴国外的成功经验，并吸取其失败的教训。

youdao

Overseas enterprises may, according to the way of establishment, be divided into subsidiary companies, affiliated companies or branches.

境外企业按设立方式主要分为子公司、联营公司和分支机构。

youdao

This is Liugong following the establishment of wholly owned subsidiaries in Australia, the second time in the establishment of wholly owned overseas subsidiary.

这是柳工继在澳洲设立全资子公司后，第二次在海外设立全资子公司。

youdao

But others in the ruling establishment may treasure their overseas bank accounts and the loot they regularly extract from the Iranian economy more than their president's deadly ideological fervor.

FORBES: Fact and Comment