What is the essential difference between treaty of shimonoseki being forced to allow foreign investors to invest and set up factories in China and allowing foreign investors to invest and set up facto

What is the essential difference between treaty of shimonoseki being forced to allow foreign investors to invest and set up factories in China and allowing foreign investors to invest and set up factories in China today? During the Qing government, China's industrial development level was very backward, mainly manual workshops and craftsmen, while foreign powers had completed the process of large-scale mechanization. The extremely backward productivity level determines that a large number of domestic manual workshops cannot compete fairly with foreign factories. If western factories enter China on a large scale, a large number of manual workshops will go bankrupt and craftsmen will lose their jobs. And foreign factories, with advanced technology, will easily form a monopoly, squeeze China's labor force, and grasp the economic lifeline of China.

Now attracting investment is completely different. The two sides conduct economic cooperation in an environment of fair competition and mutual benefit. After China joined the WTO, it gradually opened up foreign investment. For example, in China, the cotton textile industry took the lead in opening up because of its advanced technology and strong competitiveness in the world. And steel and other fields are protected because of the weak competitiveness of domestic enterprises. The government strongly supports them to carry out technological innovation as soon as possible to improve their competitiveness, and foreign capital is not allowed to enter for a long time. Telecommunications, finance and other fields have also been protected, and only some businesses have been opened so far. In short, attracting investment now gives us the initiative, and we can choose what kind of enterprises to recruit and what kind of capital to attract, which is a win-win situation for cooperation.