The word "insurance" shows up in this article 4 times, but which insurance companies and which insurance brokerages would trust the Chinese system not to change on a dime against them to favor domestic producers once China were to get the hang of insurance in the US sense? What legal recourse would US and other foreign entities have?
Right now, Xi's word is the law. How good is that?
Also, what social responsibilities do US entities have not to support dictatorships?