> local partner, ip transfer.
This was a thing 30 years ago in certain industries, ex cars. Now, we have enacted a foreign investment law that uses a negative list to manage market access. And any foreign entity in China is equivalent to a Chinese entity, so equal access to government regulations, law, legal facilities, etc. Today car, industrial, health care, and many industries can fully operate on their own. I know Tesla and BMW fully owns its operation in China. Tesla enjoys the same EV subsidies as Chinese EVs. The phase 1 deal with the US also opened up stock market, banking, other financial services. JPMorgan, Morgan Stanley all have businesses in China today.

We didn't force businesses to enter IP transfer. They weighted the cost benefits of market access and made the decision on their own. And there were negotiations. We offered market access, what did they offer in exchange. And you can imagine there were complex rules and strings attached with the deals. And its not always about IP being exchanged or a full transfer of IP. Or IP used in their Chinese ventures are few generations old and no longer market competitive globally, but in China it still was. Obviously companies are not stupid, they operated with their best interest in mind. The fundamental point is these agreements are bilateral and consensual.

>not letting through many companies to give their own home grown a chance (eg Facebook, Google, etc)
Inaccurate. To operate in China you need to adhere to Chinese laws and regulations. Notably the 互联网安全法, 网络信息管理条例. They state internet information service is responsible for the content and the content must abide by following rules. This results in the "censorship" people experience. The key point is these laws are not discriminatory. Whether its Chinese or US businesses, the service can operate if they abide by the rules. Google.com, Facebook.com etc chose not to adhere to them so they cannot operate. But Bing, LinkedIn for example is available. Internet services that deals with people saying stuff on the internet is the hardest to comply, others are easier. And a lot of internet services are available. Ex cloud computing (AWS, Azure, Office365 ), E-Commerce (Amazon, Kindle), icloud, app store, Airbnb, oracle and many others. Google does have business presence in China still, Ex Ads. Google could make different products available if they decide.

> inaccessible courts that never punishes IP theft.
Not sure about how it is now. IP protection is getting a lot stronger these days. For Chinese government and the courts, its in their interest to protect IP, whether for Chinese or foreign companies. And any sizable Chinese company will have foreign markets, foreign companies can sue them in their home country. So these days Chinese companies have to take IP rights into consideration during their business development.

> Currency manipulation, artificially lower currency.
I think the consensus from economists is that China is not artificially lower currency. In the past 12 months. RMB to USD went up by 10%.

Lastly I think any trade related issues are negotiable between China and US governments. For example, we opened financial markets after US phase 1 trade deal. The EU and China investment deal has lots of provisions on market access, no IP transfer, fair treatment and competition, rules on state subsidies, rules on state owned firms and non-discriminatory commerce etc. The deal also creates an arbitral tribunal framework for settling disputes.

We are not looking to dominate US or the west. We are looking for an equal, cooperative and win-win relationship. Both the US and China can be prosperous. It doesn't have to be zero sum game. Only one can win and the other must fail. Any trade related issue is always up for negotiations. The question is whether US will want to negotiate or seeks to destroy china.