What you describe is not free-market activity but economic rape. We have to play by the rules of international agreement while the PRC does as it pleases.
The suits running my company walked into it with eyes wide open. They don't care, they rather like being raped.
When you get a corrupt Board of Executives, they only care about their golden parachutes, and will sell the rest of the company out for 30 pieces of silver. My piece of the place has passed from one investment house to another since the early 90's, each time with a new set of board members fattening their wallets on the way out the door. There's lots of money to be had in the tech giants, it's a capital intensive industry. Bain Capital was one of the houses that has owned us. They're the ones who mismanaged Toys R Us and I Heart Radio into total bankruptcy (no reorganization, just bye-bye).
Want to see a tech company fail in a long, slow twist in the wind? Kick the Engineers out of the boardroom and put the green eye-shade guys in charge. Good bottom line...while it lasts. This almost killed all Big Three automakers in the 70's, and they're never recovered their luster.