macross1984 t1_jecjqj5 wrote
China is realizing its recent actions have soured foreign investors and firms from investing in China.
If anyone have been following China's business strategy it is wise for any individual investor and firms to be very wary or you may end up losing your money and intellectual properties because China will not allow profits to be transferred out of the country.
During Covid crisis, Moderna was willing to sell China its m-RNA vaccines but China "requested" Moderna turn over its core intellectual property if Moderna want to do business in China.
Moderna would have profited handsomely short term had it agreed to Chinese demand but refused.
https://news.yahoo.com/moderna-refused-china-request-reveal-000526639.html
https://www.cnn.com/2023/03/06/business/mark-mobius-china-capital-controls/index.html
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