It's a protectionist trade scheme, like tariffs, but instead forces foreign business to actively invest in local business or R&D, to level up the country's prod

It's a protectionist trade scheme, like tariffs, but instead forces foreign business to actively invest in local business or R&D, to level up the country's production capability. It might not have its intended result, but it's no worse than the US's exorbitant trade tariffs, which were actually increased under Biden after Trump introduced them. People always act shocked when developing countries act just as unscrupulously as the dominant powers. They learned from the best!