Say what you want about China, but their ability to weaponize capitalism and make multi-billion dollar companies cower and self-censor in ways they would never do for Western governments is remarkable. "When it comes time to hang the capitalists, they will vie with each other for the rope contract".
In China the government tells companies what to do in the furtherance of state aims. In America and elsewhere companies tell government what to do in furtherance of corporate aims. For instance the overthrow of governments on behalf of banana companies and oil companies. What we see now is China exerting influence and power and we aren’t accustomed to having another country do this toward our companies/interests.
This is a rather skewed and incorrect view of history. In America and elsewhere companies do not dictate policy. They can help edge it in a direction they want, but the large swings of policy are out of their control. More so you're generalizing America to the entire west and excluding other Asian countries like Japan.