> China started decoupling first by blocking out most foreign companies from their domestic market.
That's exactly the opposite of what China has been doing over the last 40 years. The history of China over the last few decades is one of massive economic opening to the outside world.
> Besides automobiles, most companies are still blocked from entering China’s domestic market.
You should just travel to China to see how wrong you are about this. Foreign companies are everywhere in China. Walk into any Chinese mall and then tell me, with a straight face, that foreign companies are banned.
That's exactly the opposite of what China has been doing over the last 40 years. The history of China over the last few decades is one of massive economic opening to the outside world.
> Besides automobiles, most companies are still blocked from entering China’s domestic market.
You should just travel to China to see how wrong you are about this. Foreign companies are everywhere in China. Walk into any Chinese mall and then tell me, with a straight face, that foreign companies are banned.
> Companies still need domestic partners.
Not in most sectors.