I'm not sure how generally you meant to speak, but this is no longer true as a general claim.
"As of November 1, 2024, China has removed all restrictions on foreign investment in the manufacturing sector, allowing foreign investors, including Americans, to own up to 100% equity in Chinese manufacturing enterprises."
And investments into various telecommunications related areas are still restricted or outright banned. So foreign founded/owned TV stations like Fox News could never exist in China (for better or for worse).
https://en.m.wikipedia.org/wiki/Negative_list_of_foreign_inv...
Passenger cars were removed in 2021.
However:
> .. (ii) news agencies, (iii) editing, publishing and production of books, newspapers, periodicals, audio-visual products and electronic publications, (iv) all levels of broadcasting stations, television stations, radio and television channel and frequency, radio and television transmission networks and the engagement in the video on demand business of radio and TV, (v) radio and television program production and operation as well as (vi) film production companies, distribution companies, cinema companies and the introduction of films are still prohibited.
So good-luck to any Australians and Brits who want to operate Fox news style networks in China.
There are other telecommunications related areas which are restricted and not prohibited.
Not sure where would TikTok fall into exactly but it’s probably bot manufacturing.
Yes absolutely. China.
You have to give away 50% of your local subsidiary just to operate there.
And why do you think Google and Facebook don’t even offer their services there?