Yes, and every single one of the Chinese companies who have been able to acquire a U.S. company are not strictly private enterprises. They all have some form of majority control by the Chinese government and/or the Communist Party. What researchers often find is the majority of shares are owned by other “companies” which often are (1)shell companies whose listed “owners” are poor and ignorant people who know nothing about the company and apparently either get paid something for the use of their name or just had their name used by government officials or a government entity, or (2) companies or groups of companies that were actually created and wholly owned by some state government unit or state enterprise. In each way the party is in control of all the network of so-called “private” enterprises.
Yes, you are right, I do not think any of the acquisitions in the Fortune article should have been allowed; not a one.
I get the feeling you are very anti-China. How do you feel about trade with Viet Nam? I happened to notice recently a pair if my granddaughter’s pants were made in Viet Nam.