Agreed it is probably a bad state to be in; Chinese companies buying up ours. But if I own a company, I shouldn't need permission from Washington to do with it as I please as long as I'm not defrauding or directly harming others. Freedom is messy.
I'm curious, why "directly harming others"? The argument here is that you doing as you please (selling critical technology to the Chinese) is indirectly harming others so I'm curious about the distinction you draw between when it's okay to harm others and when it's not.
Inaccurately and purposefully yelling "fire!" in a crowded space is a direct attempt to cause panic. In other words, you would never be prosecuted for yelling "fire!" in a crowded space when there actually was a fire. It is not the act of yelling "fire!" that is illegal, it is purposefully causing a false panic that is illegal.