You are correct that money often blinds one to the truth and, because of that, many U.S. companies have invested so heavily in China, looking for a piece of that illusive fabulous market, that China has become their Tar Baby. It is difficult to turn lose.
I never trusted the Chinese and I think these companies are fools. Slick Willie bamboozled them with his contacts over there, which he gained by giving them everything they wanted. Once these companies establish the infrastructure and develop the markets, the Chinese will say, just as the Mafia does, "Thank you very much, now goodbye. We can handle it from here."