this post was submitted on 22 Mar 2024
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[–] UnderpantsWeevil -1 points 8 months ago

sell to a JV with a local company at fire sales price

The Chinese policy is to share ownership with locals, so that a firm isn't simply extracting wealth from the Chinese market.

The American policy is to seize a pre-existing firm after it has developed, by accusing its Singapore founder of being a secret Chinese Communist.