Quote

I don't think any foreign Internet company can effectively compete against Chinese companies in the Chinese market. The regulatory environment is so difficult that it's almost impossible for foreigners to have an advantage over locals who have better political connections and who can manipulate the regulatory system much more effectively.

Multinationals are more sensitive to public pressure because they have bigger brand names, and they have made commitments to be environmentally sensitive. Chinese firms are not used to this kind of pressure yet.

There has been a rising tide of criticism about China's treatment of foreign companies.

If I really treated business like a businessman, I wouldn't have done what I have done - opposing China. No businessman in their right mind would do this because you know that there will be repercussions.

In a couple of years, the Chinese will be seen as regular participants in international industry. Their companies have to report to shareholders as well as to the Chinese authorities. They need to make money, they have to be efficient.

Chinese... companies do not have to think about whether they do something to enhance their competitive edge in international markets.

Antitrust law isn't about protecting competing businesses from each other, it's about protecting competition itself on behalf of the public.

For years, China expected foreign companies not to publicly voice their complaints about hacking or intellectual-property violations in order to protect their broader interests in the country.

We ask our companies to restructure; we ask employees to work more for less money because there is overproduction, but then we're unable to defend them from cheaper Chinese imports. We are insane.

All foreign companies registered in China are Chinese enterprises. Their innovation, production and business operations in China enjoy the same treatment as Chinese enterprises.