I heard that they relaxed those restrictions a bit to appease the WTO but in practice are often still denying basic permits for foreign companies until they can show to have a ≥51% Chinese share.
It varies by industry. And loosened quite a bit since the trade war.
The most recent case:
Exxon Mobil starts building $10 billion China petrochemical complex
https://www.reuters.com/article/us-exxonmobil-china-petroche...
Now Shanghai FTZ allows foreign Internet services operate without the ICP licence. Interesting times.
This has been explained like hundreds of times on HN. If you truly believe such nonsense, there are one simple question to ask - what Chinese business entity is control Microsoft/Apple/Intel when they enjoyed all those revenues from the Chinese market.
Wikipedia says regarding Volkswagen in China:
> In 1984, Volkswagen signed a 25-year contract to make passenger cars in Shanghai. Since, at that time, vehicle manufacturers could not own a majority stake in a manufacturing plant, Volkswagen's venture took the limit of 50 per cent foreign ownership.
I'm glad that someone else answered my comment sincerely instead of making a snarky comment that turns out to be wrong.
How come people are not aware of this? Did Tesla have to give up controlling ownership to set up a plant in China?
https://europe.autonews.com/article/20180417/COPY/304179943/...
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Generally speaking, serving the Chinese market is rather difficult as a foreign entity. My understanding is that unless you export more than 50% of the production value, you need to have a local partner. And even that's only allowed in certain industries.