It also seems to be the kind of policy that will be broken when convenient after becoming a world power.
Twenty years ago, Japan was the "threat" and the zeitgeist was full of tropes of Japanese technology taking over the world.
>The local auto plant in fictional Hadleyville, Pennsylvania, which supplied most of the town's jobs, has been closed for nine months. The former foreman Hunt Stevenson goes to Tokyo to try to convince the Assan Motors Corporation to reopen the plant. The Japanese company agrees and, upon their arrival in the U.S., they take advantage of the desperate work force to institute many changes. The workers are not permitted a union, are paid lower wages, are moved around within the factory so that each worker learns every job, and are held to seemingly impossible standards of efficiency and quality. Adding to the strain in the relationship, the Americans find humor in the demand that they do calisthenics as a group each morning and that the Japanese executives eat their lunches with chopsticks and bathe together in the river near the factory. The workers also display a poor work ethic and lackadaisical attitude toward quality control.
It's not the same, and you know that.
Since China is "new money", Japan must have held more US debt at some point. It seems unlikely to me that this would not also extend to holding stakes in American companies.
Economically though, the two situations are similar.