I understand that the Chinese government has almost fully withdrawn investments from European football in recent years. Some Chinese private sponsors remain though.
Edit: To be clear, no clubs have been owned by the Chinese government but until relatively recently it was Chinese government policy to encourage investment in European football for a variety of reasons.
it used to be 20+ in Europe, fewer now. There has been a policy change in China that has reduced investment in European football.
https://sports.yahoo.com/chinese-investors-flee-european-football-105538940.html
I understand that the Chinese government has almost fully withdrawn investments from European football in recent years. Some Chinese private sponsors remain though.
Edit: To be clear, no clubs have been owned by the Chinese government but until relatively recently it was Chinese government policy to encourage investment in European football for a variety of reasons.