Add in some judicious blackmail and extortion.
Voila! Elite capture.
Steal the intellectual property of the West for next to nothing.
All with the collusion of the Federal and some state governments.
Who will watch the the guardians?
It should be the Media, but they have idolized the Chinese Communists for decades.
They were some of the easiest to capture, because they love the Chinese system.
In the situation I mentioned, the business was highly cyclical with wild swings, going from very busy to slow periods. During one slow stretch the company was under strain trying to retain all valuable personnel. China team came in, offered to rescue the company with a multi-million $ offer to buy all engineering manuals, formulas and drawings. The private owner could not resist the large sum of money just to deliver copies of paper. In reality it was engineering know-how accumulated over 60 years producing those behemoth machines.