I know that HN is living in a bubble but you realize that there are more industries besides tech and FAANG? Car manufacturers and their thousands of suppliers for example.

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.

I don't know if it's legally required, but in China:

* Azure is provided by 21Vianet

* AWS is provided by Sinnet and NWCD

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.