：《Joint Ventures Are Back—But China Is Now in Control》
For decades, multinational automakers represented the pinnacle of the global auto industry and held enormous influence in the Chinese market. Their Chinese partners handled production at some of the lowest manufacturing costs in the world, allowing foreign brands to generate strong profits. In many ways, the notion that multinational automakers could "make money effortlessly" in China was not far from reality. Joint Ventures Are Back—But China Is Now in Control
