Yep. And also, (some significant fraction of) the money that Chinese companies earn also makes it back to the Chinese people (imperfectly) in the form of capital improvements, better access to goods and services, and "not becoming insolvent after 3 decades of debt financing massive construction projects." Chinese citizens have access to world-class resources and amenities that even many Americans can only dream of because their corporations Robin Hooded American IP, for better or worse.

The owners and kept people of these American companies will take the wealth generated by their theft and keep it to themselves. They talk about a "permanent underclass" with disguised glee. Break their operation until they learn noblesse oblige.