“I would think that every American company would have major issues about doing business with almost any Chinese company. Because they all exist at the sufferance of the Party, even the private ones,” he said.

This paragraph should be in bold italics for emphasis. Any company of significant size in China has connections with the Communist Party, if not through direct or indirect ownership, then Party members in management, or a Party office that each large company is required to have. No one becomes wealthy in China without being a Party member or having significant connections with the Party, and that makes them beholden to Beijing.