Yes, in that case it is true. But, they were never in any danger of China to begin with. I look from my own point of view, and I do not like what I see one bit.
Take a look at the number of Western European startups and companies being acquired by China already. What the Western governments don't have are bottomless pockets of cash ripe for acquisitions. Instead the only tool they have are hostile regulations against foreign acquisitions. Even then, the allure of money is strong and the Chinese seem to find ways to extract technology, one way or the other.