I once knew Sharon Qi, she was a businesswoman who started Chinese edition of Forbes (all "foreign" media in China, are foreign in name only.)

The point she was making that Chinese state very much welcomes moves that amount to "giving your own child as a hostage" when it comes to big name foreign entrepreneurs having big stakes in highly regulated businesses that the state can "hold at gunpoint"

The very fact that Bloomberg group companies are still kicking in China, means that Michael Bloomberg is still playing ball with Beijing.