[nfc_]

China not being open to multinationals is a common narrative on HN and not supported by the data.

In fact in consumer goods, foreign companies have more market share in China (40%) than the US (26%).

https://www.mckinsey.com/~/media/mckinsey/featured%20insight...

[sheeshkebab]

Foreign companies manufacturing goods in China that is... its hard to believe anything else given China’s $500b yearly trade surplus and tech transfer requirements. Also, report feels to have a bunch of speculative stats and projections.