Many of our companies do thrive in china, and the rich people in the USA make lots of money off the arrangement. Don't think for a second that the relationship is one sided.
Still, china could be a bit more fair and symmetrical in our trading relationship.
Having done it myself many times, I'm totally aware. Thankfully, as a foreigner or foreign company, I only need to present tax receipts. Still a PITA, but there are no hard limits at least.
They shouldn't be allowed to take over companies too.