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wind = another sector with lots of poor outcomes for foreign players ... all of whom had some form of local presence. think some jvs early on in solar too. not just HSR.
Every factory in China that we think of as low-end manufacturing of random crap, from clothing to staplers to injection molding grew out of a foreign business setting up shop in the country. Germans, Japanese, HKers, Taiwanese, etc. taught China how to make this stuff.
Now it's not made in their home countries. I don't have an opinion as to whether or not that's a good thing, but I am quite confident that the car industry, when it comes to tech transfer is the exception, not the rule.
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