合资的

Hilton International Hotels and Resorts operates 403 hotels, including 261 Hilton Hotel, 142 for the mid-market,"Scandic" hotel, as well as in North America-based Hilton Hotels joint venture operations, located in 12 countries in 18,"Conrad"(also known as "Conrad") Hotel.

希尔顿国际酒店集团经营管理着403间酒店，包括261间希尔顿酒店，142间面向中端市场的&斯堪的克&酒店，以及与总部设在北美的希尔顿酒店管理公司合资经营的、分布在12个国家中的18间&康拉德&酒店。

The strategic alliance strategy is by nature results of changinginterfirm arrangements, which is neither different from arm's length arrangements and nor from hierarchical arrangementswithin the firm, and unsubstituted product with inside hierarchy and outside property rights transaction.

合资战略本质上是企业组织内部化战略的结果，即在组织形式上趋向于母子公司之间关系，价值创造呈降低成本导向机理；战略联盟本质上是企业间关系变化的结果，这种企业间关系以协调为特征，既不同于市场交易关系，也不同于组织内部的层级关系，是内部层级市场和外部产权交换不可替代的产物，价值创造呈潜在的利润导向机理。

Moving capital between projects is a key efficient means to leverage capital for local developers to produce high profits in real estate development. A JV project's bank loan after foreign investment incepted is not an exception.

资本在项目之间的流动对本地的开发商来说是一个重要且有效的手段，他们可以充分利用资金流动提高房地产开发利润，而接收了外国投资的合资项目的银行贷款也不例外。

Incubate Ventures is an investment firm that was founded in 1999 providing private equity for early stage companies. Headquartered in Hong Kong, it makes investments in the areas of software and IT services. Incubates' portfolio companies are in Hong Kong, Taiwan, China, Korea and the USA. In 2001, it established its Korean operation through a joint venture with Dong-A Pharmaceutical, the largest pharmaceutical company in Korea (public: KOSPI) and Haansoft, one of the largest software companies in Korea (public: Kosdaq).

Incubate Ventures公司建立于1999年，它是一家给私人公司在创业早期提供资金的投资公司，总部设在香港，它的主要投资领域在软件和IT服务，Incubate投资的公司遍及香港，台湾，中国，韩国和美国。2001年，公司在韩国与Dong-A Pharmaceutical和Haansoft公司成立了合资公司，Dong-A Pharmaceutical 公司是韩国最大的医药企业，Haansoft公司是韩国最大的医药类软件企业之一（股市代号：Kosdaq）。

Company now occupies an area of 60,000 O, it has an annual output of 6000 tons of production capacity Brass Road, Products, Products are widely used in building, machinery, shipbuilding, environmental protection and other sectors of water supply and drainage, air conditioning, oil, gas pipeline system and, through the ISO9001 quality assurance system and the Hong Kong international certification authorities, etc. Water Detected qualified, is the first authentication Road cover a full range of brass products, but also the only domestic production brass, brass parts, copper valve in one production enterprises. Ningbo City in 2001 was awarded the title of famous brand products. They will enjoy a lasting brass in 2002, Ningbo Road Limited and Crane Valve Group USA formed a joint venture Crane They will enjoy a lasting Valve Co., Ltd., specializing in the production of bronze valves and all exports of Britain and the United States and other countries, marking the Ningbo They will enjoy a lasting brass Road Limited has big step to enter the international market competition.

公司现占地60000㎡，已具备年产6000吨铜管道产品的生产能力，产品广泛应用于建筑、机械、船舶、环保等行业的给排水、空调、油、汽管道系统中，并通过ISO9001质量保证体系国际认证和香港水务局等国内外权威机构检测合格，是国内第一家认证范围覆盖铜管道全系列产品的公司，也是国内唯一集生产铜管、铜管件、铜阀门于一体的生产企业。2001年荣获宁波市名牌产品称号。2002年宁波永享铜管道有限公司与美国克瑞阀门集团合资组建了克瑞永享阀门有限公司，专业生产青铜阀门并全部出口英美等国，标志着宁波永享铜管道有限公司已大步进入国际市场的竞争行列。

Anglo-Swedish drug firm Astra Zeneca has received approval from the US Food and Drug Adminstration to market Crestor, its cholesterol -lowering drug, to treat clogging of the arteries.

好消息是英、瑞合资药业公司Astra Zeneca的降低胆固醇、疏通动脉阻塞的新药Crestor 得收美国FDA进入美国市场的批准。 2006年的销售额为20亿美金的新药，Crestor

Is a professional industrial pump sales joint venture in Taiwan Shun He co founded and other shareholder, is Japan's leading industrial pump manufacturers --- Day DENSO Small Metering Pump sole agent in Southern China, at the same time professional agents of various types of imported pump of high-quality original products, responsible for the above products in the Acting Regional sales technical advice and sales services.

广州顺贺环保设备有限公司是一家销售专业工业泵浦的合资公司，由台湾顺贺行企业有限公司及其它股东投资创立，是日本著名的工业泵浦制造企业---日装株式会社小型计量泵在中国南方的总代理，同时专业代理各类进口原装的优质泵类化产品，负责以上产品在代理区域的销售技术咨询及销售服务工作。

Article 21The term import and export settlement refers to settlement by foreign banks, foreign bank branches and joint venture banks for imports and exports handled by foreign-funded enterprises and for exports and imports under the item of loan by non-foreign-funded enterprises.

第二十一条本章所称进出口结算，是指外资银行、外国银行分行、合资银行办理的外商投资企业的进出口结算和经批准的非外商投资企业的出口结算以及放款项下的进口结算。

As the world-famous dust and particle equipment manufacturers, WAM group has the output of more than 25000 screw conveyer, this make it become the dust particle technological authority and one of the biggest equipment supplier in the world; WAM was entered and stationed in China through the Hong Kong agent in 1996, established WAM Bulk Handling Machinery Co., Ltd.

WAM集团每年25000多台螺旋输送机的生产量使其成为世界上粉尘颗粒螺旋输送的技术权威和最大的设备供应商之一。1996年WAM通过香港代理商进驻中国， 2000年成立了全资子公司威埃姆输送机械有限公司、2002年成立了威埃姆输送机械国际贸易有限公司（由该公司负责威埃姆集团的产品在中国的全部销售业务），同时，WAM在中国还拥有其他合资公司。

As the world-famous dust and particle equipment manufacturers, WAM group has the output of more than 25000 screw conveyer, this make it become the dust particle technological authority and biggest equipment supplier in the world; WAM was entered and stationed in China through the Hong Kong agent in 1996, established WAM Bulk Handling Machinery Co., Ltd.

WAM集团每年25000多台螺旋输送机的生产量使其成为世界上粉尘颗粒螺旋输送的技术权威和最大的设备供应商。1996年WAM通过香港代理商进驻中国， 2000年成立了全资子公司威埃姆输送机械有限公司、2002年成立了威埃姆输送机械国际贸易有限公司（由该公司负责威埃姆集团的产品在中国的全部销售业务），同时，WAM在中国还拥有其他合资公司。

Singer Leona Lewis and former Led Zeppelin guitarist Jimmy Page emerged as the bus transformed into a grass-covered carnival float, and the pair combined for a rendition of "Whole Lotta Love".

歌手leona刘易斯和前率领的飞艇的吉他手吉米页出现巴士转化为基层所涵盖的嘉年华花车，和一双合并为一移交&整个lotta爱&。

This is Kate, and that's Erin.

这是凯特，那个是爱朗。