Multinationals are investing more in joint ventures in China, taking a bigger share and even a monopoly, according to a recent two-year survey.
The survey was carried out by Nankai University using 200 main joint ventures in north China's port city Tianjin. Researchers sent out questionnaire to general or vice general managers through visits, mail, e-mail and fax.
In Sino-Japanese joint ventures, Japanese investors invested less than the Chinese investor at the initial stage when the new companies faced a series of risks, and added more capital later when production increased, according to the survey.
This also occurred with joint-investors from Korea, Germany and other countries.
According to Tianjin Foreign Trade and Economic Commission, from January to October this year, joint ventures acquired an additional investment of US$930 million, of which 810 million came from foreign investors.
Since 1979 Tianjin has set up 14,097 joint ventures with a total investment of US$43.3 billion.
Tianjin has attracted many famous multinationals including Motorola, Coca Cola and Panasonic.
(Xinhua News Agency December 4, 2001)
