Not only that, but China doesn't allow an even playing field in any regard what-so-ever in their domestic economy.
Foreign investors still can't own more than the majority share in a Chinese company.
China is anti-West when it comes to supporting their domestic companies. They block out major competitors, such as Google or Facebook, and they make life very difficult for anyone that attempts to compete with their domestic companies.
The crap Alibaba pulled in stealing tens of billions in wealth from Yahoo by spinning off Alipay without proper compensation and forcing Yahoo to sell half its stake in Alibaba is par for the course in China.
Foreign investors still can't own more than the majority share in a Chinese company.
China is anti-West when it comes to supporting their domestic companies. They block out major competitors, such as Google or Facebook, and they make life very difficult for anyone that attempts to compete with their domestic companies.
The crap Alibaba pulled in stealing tens of billions in wealth from Yahoo by spinning off Alipay without proper compensation and forcing Yahoo to sell half its stake in Alibaba is par for the course in China.