Joint venture the Chinese way:
http://www.iht.com/articles/2007/06/...ess/danone.php
Danone is not the first, and will not be the last one being dealt with like this. Once the transfer of technology and knowhow is considered to be sufficient in a given business sector, foreign investors in china face growing risks of being confronted over trivial issues or staged incidents in an attempt to get the foreigners again. Over the past years this has been demonstrated so ver yoften by the Chinese.
If I were a company, at no cosats ever I would invest in china, never, no matter how lucrative the offerings appear at first.