On 25 November 2009, the State Council of the PRC promulgated the Measures on Administration of Establishment of Partner¬ships by Foreign Enterprises or Individuals in China ("Partnership Measures"), which became effective on 1 March 2010. A foreign-invested partnership ("FIP") as described in the Administration Measures refers to a partnership set up by at least two foreign enterprises or individuals, or one set up by foreign enterprises or individuals together with Chinese individuals, legal p