The key term here is the "negative list," which defines which sectors have restrictions on foreign investment.[0] The negative list has been shrinking over time

The key term here is the "negative list," which defines which sectors have restrictions on foreign investment.[0] The negative list has been shrinking over time. I don't know the details of each company, but I think many major US corporations, including Apple, Walmart and Nike, have wholly owned subsidiaries in China. > They have a history of welcoming outside companies until they get a domestic equivalent. I don't know if any example of this, though I know this is something Noah Smith always claims (and I have a dim view on his knowledge of China). The closest thing to this is what happened to Google and Facebook, but they were really just blocked because the government wanted them to censor information, and they apparently weren't playing ball. But in terms of the Chinese government chasing a foreign company out just because there's a Chinese equivalent, I've never actually heard of a specific example. 0. https://en.wikipedia.org/wiki/Negative_list_of_foreign_investment_in_China https://en.wikipedia.org/wiki/Negative_list_of_foreign_inves...