When I lived was in China, I contemplated starting a business there. Burgeoning market, and all. But I came to understand that it's a terrible idea. If you're a foreign national that manages to successfully launch a business in China, you are either morally corrupt, have given substantial bribes or have connections within the government. And if you were to become too successful, the Chinese government will make sure that you either cooperate or become insignificant.
I can't help but think that this strategy will damage their economy in the long run, but for now they are doing pretty well. Kudos to them for being one of few countries that actually manage to resist the massive influence of the US. If the PRC hadn't been protectionist, the Chinese would be using Google and Facebook just like the rest of us.