What are they gonna do? Ban Google, Facebook, et al.? Oh wait, they’ve already been banning foreign companies for decades.
Or maybe they’ll force foreign companies to give up ownership to Chinese locals? Oh wait, they’ve already been doing that for decades (see GM, Volkswagen, Toyota, etc.)
Or maybe they’ll force foreign companies to let Chinese local companies to take control of their Chinese operations? Oh wait, they’ve already been doing that for decades (see Apple iCloud, Blizzard, etc.)