It's still doing exactly that. Bullying Taiwanese and European companies to move their production facilities, throwing their CEO's in prison and then offering freedom in exchange for a sale. I'm not going to sugarcoat how the EU is starving its graduates from access to capital to build things, but much of what comes from the US is research from other countries.

It's funny how the US is amazing because it takes the worlds research, but China is horrible because it steals IP from companies it invests in.

Whatever, even if you ignore the company IP side of things, 8 out of 10 top 5G research Universities are Chinese now.

Not long ago I remember reading that Britain was complaining about how Germany was creating counterfeit items with british labels and that Made in Germany back then was something imposed on them to deal with this situation. It was some sort of Trade conference in Europe in the 19th century I believe, but I cannot find that book anymore.