China

If a company wants to invest in China it must be a joint venture with the Chinese government owing at least 51% of the deal. There are ten industries that foreign investors are not even allowed in the country. China takes US intellectual ideas with impunity. China has large import taxes. Foreign investors report a range of challenges related to China’s current investment climate, including: broad use of industrial policies to protect and promote state-owned and other domestic firms through employing subsidies, preferential financing, and selective enforcement of laws and regulations; restrictions on controlling ownership of foreign entities through equity caps, limited voting rights, limits to foreign participation on companies’ board of directors, etc.; weak protection and enforcement of IPR; corruption; discriminatory and non-transparent anti-monopoly enforcement; excessive national or cyber security requirements; and an unreliable legal system lacking transparency and rule of law All of this is designed to give China and economic advantage over others.