Combine this with the necessity of "sharing" technology in order to enter the Chinese market -- including manufacturing in China -- and you have a very effectiv

Combine this with the necessity of "sharing" technology in order to enter the Chinese market -- including manufacturing in China -- and you have a very effective mechanism for crippling and wiping out (short-sighted) foreign competition. R&D is now moving to China, but a lot of what they've been selling has been technology that has actually been developed abroad. P.S. I'll add with respect to the OP's article that as much as anything else, immediate and drastic changes -- that otherwise well-functioning businesses cannot plan for -- are one of the largest banes of government mis-management. Businesses can succeed in a variety of regulatory and tax environments, but when there is no consistency and predictability to these, business stops. Where they have the ability, smart businesses start looking for other markets. Where they don't -- and small business is often by necessity a niche business; there is nothing fundamentally "wrong" with this -- they often cease to exist. As much as anything, it's not a particular regulation nor tax rate that is "killing business" in the U.S., it is also the utter failure of effective government management. Necessary government management. Anyone who lived through the civil rights abuses (including in the workplace, mind you), pollution, and numerous other problems -- crises -- of past decades knows it is necessary. You don't get investment without a corresponding, manageable level of risk.