Re:US to ban transactions with ByteDance and WeChat in 45 days
by learc83 on Friday August 07, 2020 @01:37PM
(#24084511)
> China does not prevent american businesses to do business in China as long as they follow the law.
You fail to mention that the law requires 51% ownership by a Chinese company and forced IP transfer.
You also fail to mention that there are many industries in which foreign company are completely prohibited.
And the Chinese version of “following the law” includes whatever the party arbitrarily decides you should do. Including things like forcing companies to remove any mention of Taiwan from material completely outside of China.
You fail to mention that the law requires 51% ownership by a Chinese company and forced IP transfer.
You also fail to mention that there are many industries in which foreign company are completely prohibited.
And the Chinese version of “following the law” includes whatever the party arbitrarily decides you should do. Including things like forcing companies to remove any mention of Taiwan from material completely outside of China.