3 ms·
The original statement was "China will not let a non-Chinese company ever gain top position in any sector." The fact is that no chinese company has a better pos
by mtw 7y ago
The original statement was "China will not let a non-Chinese company ever gain top position in any sector." The fact is that no chinese company has a better position than Boeing. There are no chinese company with better position than Louis Vuitton, Chanel etc. There are no chinese companies with more profits than Apple. Those are just a few examples but they prove that that it is possible for a non-Chinese company to get top position in a sector. You should restrict your statement to "Non chinese company can get a top position in China but there will be tight control"
- manigandham 7y agoSure, given a lack of a domestic competitor, China will allow a foreign company to serve the market with tight control. They don't really care about some luxury goods brands but they are investing heavily in critical sectors like aviation. They have a long road ahead but Comac (state-owned manufacturer) is already selling commercial aircraft to other countries.