Question: this was a discussion post by a student please create...
This was a discussion post by a student. Please create a response to the below post:
From my reading of the Closing Case “General Motors in China” on page 471 (Hill, 2015), GM entered the Chinese market through a joint venture with SAIC because of benefits such as being able to understand the Chinese legal issues through the eyes of a Chinese company and also understand Chinese criteria for the automobile allowing it to design specific vehicles for the Chinese people. While the potential risks were minimal loss of investment since a known Chinese company was also at the helm of design making. The joint venture has been so successful to date due to a correctly optimistic evaluation of the potential growth in the demand for the vehicles.