>>509575319>a business that has to be majority owned & ran by Chinese citizens.this was only true until 2000 or so. in the early stages of Opening Up. for 20 years you could go to china and have a business with no chinese ownership. easier in the bigger cities, i.e. no bribes.
no equity, no leadership roles, no profits need to go to any chinese employees, you can own it all. of course, some businesses require permits for special operations while others don't so some businesses are hard to get licenced.
this was mainly to get singapore, hong kong, korean money into china because they were easier to get than small western companies.
the big companies like volkswagen, continental tyres etc have chinese ownership partnerships because they have been there so long. totally different now.