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Comment by like_any_other

6 hours ago

The question was, emphasis mine: "which firms in China are controlled by European entities?"

Western brands have investments, but are required by law to have a local partner, that learns the trade and eventually copies the product:

China bars foreign companies from participating on their own in many industries, but in some of those industries foreign companies can participate only by forming a joint venture with a Chinese partner. [..] Partnering with a Chinese business can be tricky for various reasons, so understanding to what you are agreeing is absolutely critical. This is especially true because the Chinese law, the Chinese government, and the Chinese courts will be heavily biased in favor of your joint venture partner in any dispute between your company and your China joint venture partner’s company. - https://harris-sliwoski.com/chinalawblog/china-joint-venture...

> Half the cars on the streets used to be European or American

And more than half the phones in Europe or America are Asian - what's your point?