“China permits foreign money to rent Chinese labor, for a period of 10 years, in return for giving China the factory.”
Where did you get this silly idea ?
Nothing silly about that.
That is PRECISELY what is happening.
Some buyout money, run by (whomever?) buys an American company.
Fires the Americans.
Unbolts the machinery, puts it on a ship for China.
Trains Chinese workers. Who then make the widgets which were formerly made by (now unemployed Americans), in a factory now *OWNED* by the Peoples Republic of China.
And sends them back to us. On Chinese ships.
We are so being schmucks, it defies description.