[gusunsuth]

I don't know if this qualifies for this thread, but here goes.................
Why has every major car maker in the world agreed to set up shop in China under the "unique" regulations mandated by the Chinese government? You can't set up and run your own factory or organization on your own terms, such that you can protect all your expenssive research and technology, but you have to partner-up with a third-rate local car maker and thus give them access to everything you have spent so much time and money to develop.
Sure, it works great for the Chinese companies, they get first-rate factories and technology that they couldn't develop on their own, or it would take many decades to develop. But it seems short-sighted for the established car manufacturers like Toyota, VW, Ford, etc., since the short-term profits they'll be making have the consequence of setting up new competitors with world-class factories and other facilities, but with labor costs that are lower than almost anywhere else. So why do they do that?