China’s top chipmaker may be in hot water as US lawmakers call for further sanctions after Huawei ‘breakthrough’::Shares in SMIC, China’s largest contract chipmaker, plunged on Thursday, after two US congressmen called on the White House to further restrict export sales to the company.
So China does not allow American companies in china nor do they allow most imports. Then they steal any ip they can get ahold of. Then you complain about the free market in a totalitarian state? Yeah, nah.
If companies were so afraid of having their IP stolen, why were they tripping over themselves to work with a totalitarian state? Imaginary Property theft is rampant in all developing countries and that includes the US when it was still developing.
They stopped American companies in response to the same American action.