Once again we have the US actually doing what the says China might do in the future.

It's true that Chinese companies are extensions of the state. But they serve the state. And the state has thus far served the citizenry eg raising 800M people out of extreme poverty. China's HSR network of 32,000 miles of track was built in 20 years for ~$900B. That's less than the annual US military budget.

You can look at the relationship between the US government and US companies in one of two ways:

1. US companies serve the government but the government doesn't serve the people. After all, where's our infrastructure, healthcare, housing and education? or

2. The US government serves US corporate interests to enrich the ultra-wealthy.

Either way a handful of people are getting incredibly wealthy and all it takes is for a little corruption. Political donations, jobs after government, positions on boards and so on.