> Any commercial company operating in China needs to have 51% Chinese participation.
This is not true. Wholly foreign owned enterprises have existed in China for many years, and their permissible activities have increased greatly over the last 5 years.
This is not true. Wholly foreign owned enterprises have existed in China for many years, and their permissible activities have increased greatly over the last 5 years.
The rest of what you say is largely correct.