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They aren’t state owned, they’re the largest private company in China (by number of employees), and have had plenty of issues with the authorities there.
It is a legal entity incorporated under the laws of PRC lol
It is a fiction of Chinese law with everything that entails
That’s not how Chinese law works.
Chinese law requires that foreign businesses operate under the Chinese government. It does no require Chinese businesses do that though. That’s the whole reason why everyone says it’s unfair, China gives their own country an advantage.
