[kolanos]

> At least, I imagine the CEOs of GM, Ford, Boeing, etc. might have a thing or two to say about seeing China disappear as a market where they can do business to sell stuff....

They largely weren't doing this anyway due to Chinese economic policy. For example:

> Ford's market share in China has declined significantly.In 2024, Ford's market share was 1.6%, down from a peak of 4.7% in 2015. Over the past three years, Ford's average market share in China has been a modest 1.8%.

[kccqzy]

Ford is a bad example because the Chinese never really liked American cars. Before the EV boom they preferred BBA (Mercedes Benz, BMW, Audi). Right now it's homegrown brands.

Pharmaceuticals would be a slightly better example.

[platevoltage]

They do seem to love Buick, for some reason I can't wrap my head around.

[MaxPock]

GM used to sell more cars in China than in the US .Same with VW , Mercedes and BMW

[kolanos]

While this is true, this changed around 2009. What happened? The Chinese government started heavily subsidizing domestic automakers [0]while continuing the joint venture requirements for foreign automakers, which started in 1979 [1]. These joint venture requirements have been a source of significant intellectual property theft [2]. All foreign automakers operating in China, not just U.S. ones, have either faced bankruptcy or a significant downturn in market share in China over the past 15 years.

[0]: https://www.carscoops.com/2024/07/china-gives-its-automakers... [1]: https://www.imd.org/ibyimd/innovation/chinas-automotive-odys... [2]: https://harris-sliwoski.com/chinalawblog/china-joint-venture...

[bink]

Coincidentally around the same time that the US bailed out its own automakers. The US also heavily subsidizes it's own auto industry, see the billions loaned to Rivian to build their new plant.