The problem is that especially in the case of China foreigners do not have any practical justice in the court. It is the rule of the party, not rule of the law. Any party member gets preferential treatment over a foreigner, as they know strings to pull and people to bribe.
Chinese elites get preferential treatment? Wow. It never happens in any other country. That's for sure.
China excels in certain categories, and protecting the rich and connected is one of those. If you get too rich and powerful independent of the government maybe you can go back to being in trouble too.
A lot of countries bend over backwards for foreign money at the expense of locals.
Wow. Never happens in Europe. Or in the US. /s
Indian Justice System is largely seen as fair, but it is tooooooooooooooooooooo slow.
Cases take years to be concluded. Sometimes, even decades. The backlog is huge and the relatively very low cost of suing creates a lot of civil suits. In the US, losing a case means paying the costs of the winning side usually - In India the costs are calculated at a ridiculously low rate, that does not deter frivolous cases at all.
Also, the Indian Govt is known for its over zealous taxation of foreign entities - termed tax terrorism. Hardly a tax haven.
The checklist fir being an attractive investment target is large country, stable government (check, check), strong property rights and fair treatment of foreigners (don't know, don't know). If Americans start confiscating assets, then the Asians have an opportunity to absorb a lot of money if their governments can be held in check.