This neo-NEP is the mother of all NEPs. The PRC are quite a bit slicker than Lenin was. They really know how to make the whole thing seem bona fide. If you dare challenge the conventional view on this, the tin foil label starts to fly. But to all the China boosters, I have the following queston. Why is it that the CCP still has power of denial over any and all economic activities? And why do we still need to constantly grease the palms and kowtow? And the final question, do the Communists collect taxes or not? End of discussion....
No American can "own" a company in China. They may operate it but the Chinese retain total control. Without massive bribes to officials there would be no company. Hence the officials are the "owners". Also, he told me that their judicial system does not follow any laws. Any appearance before a magistrate comes down to solely his decision. He does not look for precedent. At any time they can confiscate or punish without recourse.