Could??? If you are a US Corporation providing all of the technology and most of the capital in a China joint-venture where you can only own 49% of the common stock -- what happens when Xi orders that J-V corporation to "contribute"? That's right! It comes right off the corporate balance sheet and impact profitability and shareholder return.
However, the CEO still gets their pay, and their stock shares, and their retirement package, along with the really fabulous side trips to China where every single fantastic perk you could ever get for being a CEO exists.
They don’t care.