Almost every international company that has tried to do business in China has had it's IP stolen, and quite often has been blocked from ever really being profit

Almost every international company that has tried to do business in China has had it's IP stolen, and quite often has been blocked from ever really being profitable. I remember in Business school in 2008, the hot trend was businesses trying to open markets in China and offshore there. Is this still the case? Why would any responsible CEO do business in China after seeing what happened to the two Canadians, what happened in Hong Kong, and seeing countless international businesses robbed?