China business

Last year US companies spent almost one-half trillion on research and development. China says that if a US company wants to do business in China the Chinese government must have 51% control of that company. This means they have access to the companies secrets including R & D. US companies who go to great lengths to keep secrets from other American companies do not have that option in China. China is now considering changing this rule for investment companies and if that happens it could lead to changing the rule for other industries. One has to wonder how this all came to pass.