Consider the second order effects, there's a reason Western systems emphasise equality before the law. Of course most real-world implementations fall far short, but the system makes equality before the law a goal for a very good reason.
Consider the alternative option, we weaken equality before the law when dealing with non-Western entities who are bound by legal systems we consider on strategic grounds to produce inferior justice. Not only would this by definition be a weakening of our standards of justice, it creates an enormous moral hazard. Common law systems like the UK and US rely strongly on precedent, imagine the kind of unjust precedents which might be set if we do not apply equality before the law strictly. On top of that, having weakened standards of justice to frustrate foreign opponents, what is going to stop the political apparatus from weakening standards of justice again to frustrate domestic groups it doesn't like?
Even if it leads to disadvantage on the global stage, in my opinion the risks associated with weakening equality before the law far outweigh the benefits. A legal system with strong integrity is an asset, and it shouldn't be spent cheaply on short-term geopolitical gain.
> Consider the alternative option, we weaken equality before the law when dealing with non-Western entities who are bound by legal systems we consider on strategic grounds to produce inferior justice.
Maybe the alternative is equality-before-the-law, but the judgement amount won by the Chinese company gets put in escrow until there's legal reciprocity, to create pressure for it.