The US$10 billion plant that could transform China-German trade ties

Not good.

This is a mixed bag if you ask me. On one hand, BASF will be allowed to 100% own this company. On the other- the Chinese will still have workers at the plant that are capable of conducting economic espionage against the new BASF plant. They still have to worry about security: both physical & technical security.

Maybe this will lead to more foreign ownership for Chinese firms. People need to learn the truth- most Chinese firms are fully or partially state owned. And half of these state owned firms lose money. China lies about their growth- they have not grown by 7-15% per year, every year for the last decade or two like they claim.

Here's just one article that proves China lies, it's a bit dated- but no less true: https://economyandmarkets.com/markets/foreign-markets/chinas-crooked-government-is-absolutely-lying-about-it-economy/