To look beyond the rhetoric, we can see how smart rich people are acting in their self interest, (presumably the profit motive generally trumps identity politic

To look beyond the rhetoric, we can see how smart rich people are acting in their self interest, (presumably the profit motive generally trumps identity politics) and there are very very numerous cases of avoiding ip leakage to PRC while being very comfortable with RoC, challenging the racial or xenophobic explanation in your post.