texts: Well , under this arrangement two parties cooperate to manufacture a product or a category of products , for example , machine tools for export . Each party produces and supplies a part of the components and parts ; one party is a Chinese enterprise , the other , an overseas firm . Most probably , the foreign counterpart contributes technology and equipment , and sometimes , parts and components , while the Chinese enterprises factory building , labor and other resources to the cooperative production . They join hands and fulfill orders together by an agreement or a contract .
labels: I suppose that the assembling of these components and parts , particularly the marketing of the finished products should take place in China .