What are some of the more challenging aspects of cross-border negotiations between the US and China, overall?
Chairman An: I experienced a lot of international negotiations with American, Japanese, Korean, and German companies. In the last 20 years of my 40 year professional life, I never stopped negotiating with foreign partners. Among all such negotiations, it’s my special fortune that I led the cooperation negotiation between BAIC and Hyundai. We entered into the Strategic Cooperation Agreement of BAIC and Hyundai, and then set up the Beijing Hyundai Co. Ltd., which changed the fate of BAIC. At that time, some persons questioned whether this cooperation can be successful. After that, I led the negotiation with DaimlerChrysler and successfully signed the Framework Agreement of Strategic Cooperation between BAIC and DaimlerChrysler. Under this Agreement there are two lines: on one side we kicked off the heavy duty truck cooperation between Beiqi Foton and DaimlerChrysler; on the other side, through negotiation, we restructured Beijing Jeep, a long term loss-making company with unfavorable Sin
