IBM Leaves China:
https://syncedreview.com/2021/01/25/ibm-closes-china-research-laboratory/
Apple Leaving China:
https://9to5mac.com/2021/01/27/ipad-production-leaving-china-first-time/
Chinese Real Estate Default:
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Don't see why not. In many, probably even most, countries throughout the world it is prohibited for non citizens to own land. The Americas and Europe are actually unique in this perspective by allowing it.
If you can, it's in small amounts and use is limited - have been looking at retiring outside the U.S. and it's amazing how strict the requirements are compared to here, where you need a pulse and not much else.