No they don’t. Source: me, lived/worked in China for 6 years. There are two rules: 1) to the strongest (doesn’t matter how you get there, 2) make/keep the right connections (guanxi) that will “apply” regulations to your benefit. Most cut-throat place I’ve ever worked.

I suppose Rule of Force is still a rule, so you aren't wrong per se

What rules. China famously flaunts the law everywhere they operate, including in foreign countries.