A quick reminder that non-Chinese companies can't establish a subsidiary in China, they always need a Chinese partner that would then own the majority of the Chinese joint venture. And that's just one among many other protectionist rules that illustrate how the Chinese Communist Party shields its domestic supply chains, including the use of forced labour.
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So, China vows countermeasures to European countermeasures to what China does for some time now.
Yeah China has no leg to stand on in this. Since forever, non chinese companies are forced to create "partnerships" with chinese ones to be allowed to do business over there, with the overt goal of transferring knowhow and maintaining control.
Everyone wants the EU to roll over and put itself into future dependency upon one of them.
And why not, itโs one of the largest consumer markets right now, with anomalous concentrated level of wealth inherited from brutal conquests and colonial times giving each consumer buying power generally much higher than in other equal markets.
Canโt blame them for trying. Also canโt blame EU not giving in so readily.
I decided I would make more home cooked food. Then I got a letter from the local pizzeria, telling me they would retaliate.
Ridiculous, China loves having everything made in house and yet itโs bad if others do it too?
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