A: Let's get started, OK?

B: What is the price of the total amount of investment?

A: About $6 million. This figure is large enough to provide the construction funds and circulation capital.

B: How much would China be prepared to invest in this venture?

A: We lay out about 51% of the total investment. This includes, of course, cash, fatory buildings, the right to use the site, things like that.

B: Is there any regulation on the proportion of investment by foreign investors?

A: The regulation is rather flexible. But the investment by a foreign enterprise should not be less than 25%.

B: I see. How long will a joint venture last?

A: How long do you want?

B: We can fix the term for 10 years first. If we can run the venture well, the period can be prolonged later.

A: An important matter I should mention is that the technology you provide should be the newest, and during the duration of the joint venture, you should continue offering us your improved technology.

B: You ask too much. You certainly realize that technology has a price tag. We spend hundreds of thousands of dollars on scientific research every year. If you ask us to continually offer our improved technology, then you need to pay more for that.

A: You must be clear that technology should be always improved; otherwise, our products cannot compete with others.