cross-posted from: https://lemm.ee/post/60943939

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[โ€“] [S] 0 points 1 year ago (1 child)
  • Yes, because China had an underdeveloped industry. They needed the technology. In the long term there will be no Western company with a meaningful market share in China.As a foreigner you can't even found a company in China without a Chinese partner who then owns the majority stake (the only exception being Tesla in this regard).

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