foreign companies china

http://www.youtube.com/watch?v=-TIPHGkYeHA
This video is about, There are two types of Joint Venture in China.

Equity Joint Venture (EJV) capital investment from one or more foreign companies with one or more Chinese companies. The foreign investment is typically a minimum of 25%, and while non-cash equity in the form of IP, technology, and equipment are legitimate sources of capital, labor is not. Non-cash capital is valuated by, and subject to the approval of the government. In EJVs, the parties jointly invest, operate, take risk, and take responsibility for profit/loss according to the ratio of their capital investments.