Business Experience Required, seriously!

New legislation regarding the import of new businesses, specifically, insurance companies would require them to have at least 20 years of experience before being admitted with a legitimate charter.
Recently, has been a significant amount of discussion concerning the Chinese economic growth potentially running into the same bubble economy problems as its fellow Asian tiger, Japan. The 1990 fall in the Japanese market is commonly blamed on the government's funding of so-called zombie corporations paired with irresponsible, and often empty investment. China, having learned from history is not only demanding experience as a requirement, but is also attempting to keep investment aggressively in Chinese hands.
What I'm concerned about is how U.S. firms such as Wal-mart are so dependent upon China's economy and vice-versa, (an annual 18 billion dollars in revenue Guerin, Didier. Growth in China requires a leap of faith. Advertising Age 11/28/2005, Vol. 76 Issue 48, p29-29, 2/3p, 1 graph, 2c) that any problems that arise in China will inadvertently affect the American economy.
I am an advocate of market economies; however, by focusing on one particular corner of the world we are perhaps subjecting ourselves to a potentially damaging development economically.