Fair market requires working rule of law, while, from what I've read, even major global corporations (ABB if I remember correctly) can be cheated in Chinese courts for billions. I would not want to invest in IP in a country where my competitor can just sue me, bribe the judge and bankrupt my company.

Domestic acquisitions by foreign companies in any sector worth doing business in require approval by MOFCOM.

There's usually a lot of horse-trading that goes on before the formal application to figure out what's kosher to buy, and what's not.

This comment was dead and I vouched for it. I believe (but do not know) that China is more restrictive IRT foreigners and IP but new commenter zhipj is quite reasonable in asking for references, especially for the specific claim.