Exactly. There's a myopia here: people[1] prone to imagine global geopolitics as a zero sum war between superpowers imagine ever action by the superpower they're unfamiliar with as some kind of targetted attack.

But the PRC government doesn't see it like that. Historically, they are far, far more vulnerable to their own people than they are to the US, which at the end of the day just wants to buy cheap junk and sit around streaming movies.

So if I see the CCP moving against financial interests inside China, I'm going to assume that they view those financial interests as the threat they're trying to control.

[1] And there are a LOT of such people here on HN.