Who can't resist the promise of brutal state control, IP theft, and finally being ejected from the Chinese market so the state can spin up a company to use your stolen IP.

China is realizing its recent actions have soured foreign investors and firms from investing in China.

If anyone have been following China's business strategy it is wise for any individual investor and firms to be very wary or you may end up losing your money and intellectual properties because China will not allow profits to be transferred out of the country.

During Covid crisis, Moderna was willing to sell China its m-RNA vaccines but China "requested" Moderna turn over its core intellectual property if Moderna want to do business in China.

Moderna would have profited handsomely short term had it agreed to Chinese demand but refused.

https://news.yahoo.com/moderna-refused-china-request-reveal-000526639.html

https://www.cnn.com/2023/03/06/business/mark-mobius-china-capital-controls/index.html

I love the way China blatantly ignores and denies the existence of the relationship between actions and consequences.

no rule of law no fun

nah

Their deals always include free balloons.

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