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This issue examines the complexities of working with a managing a joint venture partner in China, including handling due diligence and risk issues: regulatory risks, political risks, legal & financial risks, and operational, environmental and motivational risks. We also discuss how, from a minority equity position, JV's may still be effectively controlled, and identify the role technology transfer agreements can play within this situation. We discuss other managerial issues concerning JV's, and also look at the investment environment in the third tier cities of Dandong, Shaoxing, Zhaoqing, Nanchang and Yinchuan. This issue examines the complexities of working with a managing a joint venture partner in China, including handling due diligence and risk issues: regulatory risks, political risks, legal & financial risks, and operational, environmental and motivational risks. We also discuss how, from a minority equity position, JV's may still be effectively controlled, and identify the role technology transfer agreements can play within this situation. We discuss other managerial issues concerning JV's, and also look at the investment environment in the third tier cities of Dandong, Shaoxing, Zhaoqing, Nanchang and Yinchuan.