Word: jointing
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...there are still plenty of critics who see the communist goliath variously as a strategic threat to the U.S., a vast sweatshop economy swallowing up American jobs and a serial abuser of human rights. Even free-trading multinational corporations experience enormous frustrations trying to do business in China. Countless joint ventures have soured on disagreements between the partners, contract violations and unrealistic expectations of quick profits. A survey last year by management consultants AT Kearney found that 60% of all foreign companies were unprofitable in China...
...including a minivan, which goes on sale this week, only five months after the plant geared up production for it. There have been plenty of problems and more than a few Mickey Mouse alarms along the way, but the auto plant has become a textbook example of how a joint venture in China can succeed--as well as a prime exhibit in the politically charged debate over U.S.-China trade...
Then came the really hard part: negotiating the terms of the joint venture. For a year, Phil Murtaugh, a GM executive vice president, and Hu Maoyuan, his counterpart at Shanghai Automotive Industry Corp., negotiated the details of supplier agreements, manufacturing and training protocols and all the other minutiae of setting up a car plant. They talked--and shouted--16 hours a day, seven days a week in a small office on Shanghai's Huashan Street. "I would say, 'I can't live with that, Mr. Hu. I'll get killed,' and he would say, 'My neck is under the blade...
...tranquillity. Oh, sure, that final White House signing ceremony that eventually ends hostilities will open the way, unevenly and begrudgingly at first, for tourism across the Golan Heights, quiet along the Galilee, coexistence in Jerusalem and joint ventures in Jordan and the Gaza Strip. But a Middle East peace deal doesn't mean peace in the Middle East...
...Joint weekend field project: Gore and Bush collaborate on a remake of "The Blair Witch Project." Each brings his own compass. Who makes it home? One? Both? Neither...