McDonald's and Yum are starting to struggle there, and the parent corporations will likely be squeezed out of China in the coming years as primary operators. They'll be semi-forced to sell off their ownership inside of China as their position weakens, and they'll retain a minority holding (Yum is in that position right now, they've already begun pursuing that end result out of necessity). Yum has lost half of its market share in four years, and McDonald's lost 20% of its market share in that time. I'm not implying these companies aren't responsible for that, but they are not going to be held up as successful examples five years from now.

Since when has China been a successful venture for Walmart? They've struggled there since day one, and have thrown everything they can at it. Their sales are falling in China, rather than rising, and they've gone through one re-branding after another. It's anything but hugely successful.

Apple just lost a huge portion of their sales in China, and are increasingly coming under the same nationalistic attack that so many other US companies have. Apple is likely to see its position there erode consistently going forward as nationalism sways toward other domestic competitors and China places restrictions on Apple's ability to operate freely in media and apps.