From Business Information Daily

In March of 2005, Little Giant Machine Tool Co., Ltd. of Ningxia changed from a Sino-Japanese joint company to a Japanese venture.

Ningxia Great Wall Machine Group of China and Yamazaki Mazak Co., Ltd of Japan established the original joint venture in 2000. The Japanese side held 25 percent of the company's shares and the Chinese side held 75 percent of the shares. From 2000 to 2005, it saw continued growth; however, all the core technologies of production were Japanese, so the Chinese were in a minor position while holding the majority of the company's shares.

In a joint venture, those who have the core technologies are not willing to hand over their technologies to others. The case of Little Giant requires China to look for better ways of using foreign investment and tells Chinese companies to focus on domestic innovation. 

Please read the full story in Chinese (http://jjckb.xinhuanet.com/yw/2007-07/04/content_56450.htm).

(China.org.cn July 4, 2007)