Any private property they "earn", that results from an illicit crony capitalist relationship that they may have, theoretically is not their private property.
Crony capitalism "allows for preferential regulation and other favorable government intervention based on personal relationships." (http://www.businessdictionary.com/definition/crony-capitalism.html) Google's being required to modify its product in order to do business in China is the opposite of preferential.
But even if we suppose that Google's knuckling under to China somehow makes their future Chinese earnings not theirs or not private, it doesn't pass the laugh test to conclude as you seem to that their current servers are not their property to allow use of or not as they choose.