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by dis-sys
2227 days ago
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> Didn't China require any foreign company to be controlled by Chinese to get access to the Chinese market? This has been explained like hundreds of times on HN. If you truly believe such nonsense, there are one simple question to ask - what Chinese business entity is control Microsoft/Apple/Intel when they enjoyed all those revenues from the Chinese market. |
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Wikipedia says regarding Volkswagen in China:
> In 1984, Volkswagen signed a 25-year contract to make passenger cars in Shanghai. Since, at that time, vehicle manufacturers could not own a majority stake in a manufacturing plant, Volkswagen's venture took the limit of 50 per cent foreign ownership.
I'm glad that someone else answered my comment sincerely instead of making a snarky comment that turns out to be wrong.