The chinese people are much poorer for not having as much foreign companies inside. They pay extra taxes for the subsidies and quality of service by having less

The chinese people are much poorer for not having as much foreign companies inside. They pay extra taxes for the subsidies and quality of service by having less options. Yes, its a huge loss for FAANG that they cant compete in china, but its also a loss for chinese people. It's just not a loss for chinese politicians, that can tout that thanks to them they created massive companies. You can run indefinitely on a bad platform while it gives your reasonable returns. We'll see what happens when china gets its own big capitalist crisis.