Tesla will be an interesting case study. Tesla has invested heavily in China. They have brought with them their designs, manufacturing techniques, software and battery technology. The Chinese of course will take what’s worth taking and give it to their own EV industry. Soon they will produce Tesla copies at half the price. Also any sales in China will be in yuan. Very much doubt Tesla will be able to convert that into hard currency or even buy Chinese products to export themselves. Very much doubt Tesla will see any real profits on the billions Musk invested there. American industries have been pillaged and picked clean of their intellectual properties when they do business in China. They make money initially but then things dry up fast.
Seems like every company has to learn for itself — the hard way.
Like the Chinese finger trap - business in China is easy to get into, but hard to get out.
American executives get spied on, psychologically analyzed, and manipulated by Chinese Intelligence professionals, supporting Chinese companies to advance their National industrial policy.
Industrial espionage has received massive priority/resources from the ChiComs for decades.