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China has drastic restrictions on the ability of foreign nations to operate within its domestic economy. Those drastic restrictions in various formulations have
by adventured 2y ago
China has drastic restrictions on the ability of foreign nations to operate within its domestic economy. Those drastic restrictions in various formulations have been in place for essentially eternity.
That spans from general context like real-estate, to specific context like social networks or search (eg Google and Facebook), to infrastructure (eg AWS), to Disney not being allowed to own its own parks, to McDonald's not being allowed to operate its own restaurants. In fact it's so bad, it's the exceptionally rare case where a business is allowed to own & operate its business fully in China.
When McDonalds can't even operate their restaurants in your country properly, you're blatantly on a particularly bad list of very authoritarian nations.
The opposite is overwhelmingly true in the US. You are free, at any time, to set up and fully own a business within the US (as a foreigner). You can even pick the state based on legal structural preferences. Almost anyone on HN can do it whenever they feel like it, it's fairly simple all things considered.
The US is a nation that allowed companies like Toyota to come in and hammer the domestic competition. It allowed foreign operators to hammer huge domestic employers in industries such as steel. The US has far more often than not tended to allow very friendly access to its gigantic market.
The mistake the US has made for decades is to go too easy on China in regards to how they block access to their domestic market. This is the era of reciprocation, as such China should be increasingly blocked from easy access to foreign markets until they reciprocate and open up access to their economy.