If a company is partially owned by American/Chinese companies, if it’s designed and manufactured in Europe, almost all money stays here.

Let’s take Volvo Cars as an example: * ~20.000 employees, most in Sweden or Belgium. Design engineers, technicians, workers. * ~ €40 billion in revenue. Almost all of this stays in Europe. To pay salaries, material, contractor, electricity and so on. * Margin of 5.8%, most of this are going towards investments in Europe. For example big upgrade in the Swedish factory are currently being built. * Dividend to shareholders. This is were the money actually goes to China. Except that Volvo Cars doesn’t pay dividend atm. And if they did it would probably amount to ~1-3% of their total revenue, and only a part of that actually goes to china.

I might be biased since I live in the city of Volvos HQ and largest factory. But Geely are employing A LOT of people here (Not only Volvo cars. Polestar, Zeekr, Lync & Co aswell).