AbstractThe purpose of this article is to address the various issues and strategies related to the creation and management of joint ventures in China. Among the major issues and strategies are: finding suitable partners and locations; negotiating feasible contracts; creating cohesive leadership; understanding the constant changes in Chinese accounting and tax systems; and managing human resource challenges. The problems with cultural differences in management and bureaucratic red‐tape have also been highlighted. Examples of successes and failures are discussed. © 1995 John Wiley & Sons, Inc.