> They would be looking to do large scale espionage, whether it be corporate secrets or personal secrets.

The US token providers started the ball rolling on large-scale copyright infringement in order to make their models work.

They built their business on IP laundering, so it's very difficult for me to feel sorry for them now.

Not sure I follow your point, are you confusing espionage with IP theft? The victims are entirely different in each case, I am sure china would not restrict itself to corporate espionage.