Many (most?) American corporations have already been subverted on a level where they make major decisions against US long term interests in favor of short term profits and working for China. Working for China I say!? how outrageous! A board member, middle manager, CTO, etc. can literally be bought by the Chinese government and NOTHING will ever happen. The Chinese have looked at our corporate system and found the weakness in decision makers. Without strong laws in place preventing this we will suffer a death of a thousand cuts as our companies sell out secrets and markets to the Chinese government.
Edit: If you are a Chinese business man and make decisions perceived by the PRC as selling out your people to America you would probably disappear in the night. In the US you can do this with impunity. How to succeed without becoming totalitarian ourselves?
Marx once quipped that capitalists would sell the rope used to hang them. The Chinese are really only nominally Communist (and barely even that) but that statement remains as true as ever. Finance has zero foresight.
Edit: If you are a Chinese business man and make decisions perceived by the PRC as selling out your people to America you would probably disappear in the night. In the US you can do this with impunity. How to succeed without becoming totalitarian ourselves?