China’s debt has been growing at over twice the rate of their GDP growth for the past several years. And, the quality of this debt, much of which is in the form of loans from banks controlled by the CCP to State Owned Enterprises, is suspect—with non-performing loan rates much higher than those reported by the banks. So, of course China welcomes foreign investment.But, rather than taking steps to protect intellectual property, he state itself has taken a more active role in IP theft and forced technology transfers.And, the CCP still controls the judicial system. Trials are often conducted behind closed doors and verdicts issued within a few years. The CCP always wins, and the sentences imposed on the “guilty” parties are typically draconian. In some cases, those who don’t fully cooperate “disappear.”China still imposes capital controls, too. As investors learned he hard way in 2015, their stock market is like a roach motel—you can check-in, but you can’t check-out.What the world has been waiting for are the necessary reforms that Chinese leaders promised to implement when China was admitted to the WTO in 2001, well over 15 years ago. Instead, the CCP has announced that they intend to increase their control over all things, and have refused to budge from their Made in China 2025 national industrial and trade policy plan that relies upon a variety of unfair means to seek controlling global market shares of the strategically important industries expected to drive economic growth in the 21st century. The CCP intends to use the economic power gained through control of the commanding heights of the global economy to fuel their military spending, and their bide and hide tactics have already given way to reveal much more overt military strategies.So, send them our money and our technology so they can use it against us? Not anymore. $SPY, SPDR S&P 500 / H1 Notes from user Mike Holt.