"The Chinese government's job is to ensure a level playing field for everybody" This is very upside down. The Chinese government actively opposes a 'level pla

"The Chinese government's job is to ensure a level playing field for everybody" This is very upside down. The Chinese government actively opposes a 'level playing field and strongly prefers local companies, especially those with deep ties to the state. Even export policy is natinalized. Huawei can offer it's customers internationally amazing financing terms (pay nothing down, and pay small amounts over time) provided by Chinese banks at the behest of the Chinese Government, facilitate by a politicized Central bank. It would be like Biden/Trump ordering JP Morgan to finance Boeing deals, and to coordinate it all with the Treasury and the Central Bank. That's a violation of basic trade norms - and that's just the export stuff. Internally, there's much more control. "One of the greatest reasons Western companies have failed in markets such as China (and India) is because they enter it with an air of arrogance." This is not factual and you've provided no real evidence of that. When US companies have 'hard protections', particularly in Brand, they do very well. Nike, Apple, Pizza Hut etc. all do very well. But trains? China requires that train makers hand over their IP, the IP is given to local companies who then get a head start while the Chinese government holds the foreign company up in red tape. The Chinese government 'role' is to absolutely minimize the amount of success foreign companies have to the extent they can duplicate/copy/reproduce locally, that's what they do. Even foreign initiatives cannot actually be foreign owned: 51% has to be owned by Chinese. The CCP puts a cadre of it's party staff within every company to ensure national guidelines are followed. Your 'Dominos in India' example is countered by 'Yum Brands' i.e. KFC, Pizza Hut who were very successful in China.