Like most second marriages, the DuPont company's latest joint venture in China represents the triumph of hope over experience. When DuPont opened an agricultural-chemicals plant in Shanghai in 1991, local entrepreneurs made off with the formula for the company's Londax rice herbicide and started up a rival firm to produce it. DuPont's secret was not protected under Chinese law. Undaunted, DuPont plans to invest $16 million in a joint venture in Shanghai in 1995 that will manufacture equipment for integrated circuits. But this time the Delaware-based giant is trying to be smart about reducing its exposure to theft: in his August...
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