Am I looking at the wrong part?

1. News agencies 2. Business of publishing, producing, master issuing, and importing of books, newspaper and periodical 3. Business of publishing, producing, master issuing and importing of audio and visual products and electronic publications 4. Radio stations, TV stations, radio and TV transmission networks at various levels (transmission stations, relaying stations, radio and TV satellites, satellite up-linking stations, satellite receiving stations, microwave stations, monitoring stations, cable broadcasting and TV transmission networks) 5. Companies of publishing and playing of broadcast and TV programs 6. Companies of films making, issuing, business 7. News website, network audiovisual service, on line service location, internet art management 8. Construction and management of golf course 9. Gambling industry (including gambling turf) 10. Eroticism

Nice to know the Chinese Communist Golf Course lobby is alive and effective though! :)

There's a Marxist concept called "commanding heights of the economy" which refers to things like public utilities and transportation.

Theoretically a socialist government can retain control of this limited set of industries while letting foreign capital develop the others, so that the capital can't totally control the government.

If the US were prepared to backtrack on its reputation as the leader of free market then the US could instate equivalent laws in the US: "telecom equipment must be domestically manufactured by local businesses or by companies jointly owned by American citizens" would be a generically enforceable law, that's equivalent to what you cited. Huawai would have no option other than to comply and exit the US market or find local partners.

The problem is that's not what the US is proposing to do; rather the US is making unsubstantiated claims that ALL Chinese companies are born a crime and should not operate in the US in any meaningful way.