The way China works that if you want to access the Chinese market, you have to strike a JV in China. We have seen this practice in many sectors: aerospace, rail and of course automotive. All of the companies that have sales and operations in China and have built out networks there have had to do so through a JV network, so virtually every global OEM has a joint venture in China.
What happens is they do these JVs, China learns from the company that is invested there and then, of course, it turns around and exports some of its product around the world. That is the structure of the Chinese market. You have to have a JV to be in there.