this post was submitted on 13 Nov 2024
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Depends on the industry sector whether China requires a joint venture or not. Apart from the automotive industry, afaik the sectors in which the Chinese exert control over foreign investment are largely the same ones where the EU or the US exert control over foreign influence. Energy is of course part of that. Bosnia Herzegovina is not inside the EU though.
There are multiple examples of Chinese subsidiaries and/or takeovers of European companies in Europe, but there are no examples of European companies doing the same in China. In no sector. The rules are nowhere the same, not even remotely.
The only Chinese province where completely foreign-owned companies were possible was Xiamen, but that lasted until the 2000s or so (I don't remember the exact date). Your statements are outright false.
In all what constitutes fair competition, China lacks behind. China is a totally closed shop by any comparable standards with -in addition to that- grave human rights issues in the country, and the situation has been worsening in recent years.
China is in the process of opening up to foreign investment. A new law in 2020 set foreign companies on par with domestic ones in many industries. As I understand it, subsidiaries can be completely foreign owned. They have to register of course.
https://www.pinsentmasons.com/out-law/guides/doing-business-in-china-part-2---establishing-a-business-in-china