When you run your business in China, China runs the copy of your business for you ;)
I do understand that we want to try to see "the same" in the stupidity of our politicians that let all of this happen just like that for many years, but we are different.
I can see what both of the above commenters are saying. Here is my synthesis:
In the US, the powers-that-be are often content to let markets, popular forces, and regulation shape foreign companies. In China (I'm no expert, please weigh in [1]) it seems that the CCP is very motivated to make foreign firms serve its industrial agenda while staying under Party control. That usually means insisting on Chinese ownership stakes or joint‑venture structures, so the state always has a foothold in the business.
In this way, politicians of both countries do find ways to "get what they want" from a foreign business -- even if they go about doing it differently.
[1] I'm not ignorant of geopolitics; I do read about China, but focusing on it is not part of my job nor education.
In this situation I disagree. This is a blatant seizure of the control of a foreign owned company for political reasons. This is straight out of China's playbook.
I agree that the West is in general different, as in this is more an exception than the rule. But being in the semiconductor industry, I'm fed up with the stupid rules we are dealing with since the 1st Trump admin. Even more stupid is the US foreign policy affecting EU companies much more than US companies.
When you run your business in China, China runs the copy of your business for you ;)
I do understand that we want to try to see "the same" in the stupidity of our politicians that let all of this happen just like that for many years, but we are different.