I didn't see this coming
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On the one hand, fuck China, on the other hand, not a good sign for policy going forward setting precedent for government takeovers of businesses.
This one is easier for me. China does not allow for the same types of foreign ownership that are common in the United States and Europe.
If they want to protect their own companies and industries and markets, that's fine, but they shouldn't be surprised when others do they same.