How is this "moving to turn Russia into another China"? While China has been pushing the economic reform agenda and cracking down on SOEs -- as was seen at the report of the Third Plenum -- Russia is going in the opposite direction with things like this. In China you don't have to give any ownership to the state. Just setup a WFOE (https://en.wikipedia.org/wiki/Wholly_Foreign-Owned_Enterpris...). Yes, you have to jump through a lot more hoops than setting up a business in the west but, speaking from having done it, it's not that hard. And yes there are certain sectors you can't participate in; but, pretty much every country on the planet has restricted sectors. Even the US: just look at the defence industry. China has been working opening these up while Russia has been been closing these. A good recent example for China is the recent reduction in rice self sufficiency. Plus compared to Russia, China is rather stable, prosperous, and corruption free. It would serve Russia well to become a bit more like China -- but this move is not it.