This is completely ignoring the fact that China doesn't want foreign companies operating inside their borders unless they form a joint venture with a local Chin

This is completely ignoring the fact that China doesn't want foreign companies operating inside their borders unless they form a joint venture with a local Chinese owned company that owns >50%. China is also an authoritarian regime that does not care about laws if a company doesn't play ball. They will just be shut down. This doesn't sound like a good market to put all your trust into.