A: By the way, Mrs. wen, we have a mind to do joint participation with you on Chinese arts and crafts in our market, Do you have an interest to this proposal?
B:Well, this is something new, a few of our friends from Europe have also suggested that we participate in joint enterprise with them dealing in some of our goods, we think there a lot of details we should go into.
A:If you feel our proposal is attractive. it is estimated that business to the extent of over twenty million pounds can be achieved in this manner.
B:Naturally. I appreciate your efforts in pushing the sale of Chinese arts and crafts, But I'm not in a position to discuss your proposal today. I must first talk to our director, and discuss it with you some other time.
A: All right. Anyway. I'll be staying here for another two weeks, But I'm looking forwards to having something done in this respest.
B:We'll talk about it next time, Now that everything is settled, let's have a cup of tea. and take our minds off business for a change.
A: I am so happy to see you again. Mr. Li. You are considering joint venture of moderate scale machine tools right?
B: Yes, I would like to discuss with you the possibilities of establishing a joint venture with your company.
A:That is great. We have so many favorable conditions for you to invest in China. What is the prices of the total amount of investment?
B:About US dollar 9 million. This figure is large enough to provide the construction funds and circulation capital.
A; How much would your share of investment be in this partnership?
B:My contribution is 55% of the total investment, including the construction funds and the cost of all the imported equipment, and the engineers, technicians and management staff from my home company.
A:May I ask how profit and loss should be shared between the parties to a joint venture?
B;The profit and loss shall be shared between the parties to the joint venture in proportion to their repestive contributions
A:I see, How long will a joint venture last?
B: We can fix the term for 5 years first. and extend the contract later if both parties wish to continue the partnership. What do you say about this?
A: That coincide with our usual partice, As you know, production technology should be always improved; otherwise, our products cannot compete with others. In this case, during the duration of the joint venture, you should keep offering us your improved technology.
B: Shall we hold another round of discussion next week on some technical problems in a more detailed way?
A:That's fine. Have a nice weekend, Mr. Li
B: You, too.