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e 4 all activities of the cooperative venture pany shall be governed bythe laws, decrees and pertinent rules and regulations of the people’’srepublic of china. article 5 the organization form of the cooperative venture pany is a limitedliability pany. the profits, risks and losses of the cooperativeventure pany shall be shared by the parties according to the relevantprovisions thereafter. chapter 4 the purpose, scope and scale of production and business article 6 the goals of the parties to the cooperative venture are to enhanceeconomic cooperation technical exchanges, to improve the product quality,develop new products, and gain a petitive position in the world marketin quality and price by adopting advanced and appropriate technology andscientific management methods, so as to raise economic results and ensuresatisfactory economic benefits fo