The problem with China anyway is that during the many decades when China was badly lagging, they already stole every secret they could. But now China has a very serious education system, motivated and intelligent people, lots of universities and researchers and China isn't lagging behind anymore.
So even if the goal was to prevent chinese from spying on US companies, it's too little, decades too late, because China is now at the very top too.
In geopolitics you are forced to make deals with the devil. We armed and supplied the USSR to defeat Germany in WWII. In the 90s we gave an out of work China a wold franchise so we could make a few extra bucks with cheap labor and one billion consumers. Our blu collar workers would put down their dangerous and heavy machinery on the dank shop floor so they could take snazzy white collar jobs that were healthier and paid better because they use their American education to skill up their brains.
People were sold on that and many bought it. And now here we are living in the aftermath of us propping up systems incongruous to our own and living it down. It comes down to jockeying politicians like J Kerry and company who pretend they work for the people but in all honesty only work for themselves (remember Kerry never threw out his own war medals but rather reproductions he bought in the PX). Jane Fonda, her vanity sunk the nuclear energy industry for fifty years.
I’m not seeing any ambitious people trying to get into Chinese undergrad universities.
I know a handful of folks who worked at them, and then found a more permanent position in the US.