China allows foreign companies, enterprises, other economic organizations or individuals to joint with Chinese companies, enterprises or other economic organizations in establishing Joint Ventures. Each party to a joint venture may make its investment in cash, technology, industrial rights, etc. The capital in form of technology and equipment needs to be approved by the government.
The formation of a joint venture can take up to 12 months depending on the submissions. The registration procedure is similar to a WFOE (Wholly Foreign Owned Entrprise), plus the elaboration of the legal agreements between parties.