[wahern]

It's dumb greed. China dangles the prospect of a 1 billion+ consumer market in front of Western companies, and rational thinking ceases. The upside looks infinite.

I bet that Taiwanese, Japanese, and Singaporean corporations filter and structure their deals differently given that they have much deeper and historic ties to China, and are more familiar with long-term planning in the context of centralized political economies. Perhaps someone could confirm or dispute that.