No, it doesn't. China steals everything worth stealing from anyone that has it.
Really, when you get under all the BS from people who've been propagandized against China, they believe America should win and China should lose. Of course China isn't going to agree to this, and they're big enough that they don't have to. Might makes right, until China becomes the mightiest global economic power.
Alright, let's torture your false equivalence a little more: you shouldn't have privacy because that's prevention of the free exchange of information.
Even Adam Smith regarded IP laws to be an 'Unessecary Evil'. Even in SV, an engineer works for one company, learns the tricks of the trade, and then takes that knowledge to another. This is business as usual, and it's a critical ingredient to Silicon Valley's success, and it's the secret to the success of many city states and industrial hubs all throughout history.
From PIIE [1],
> Overlooked are the data that suggest the popular narrative exaggerates the magnitude of China's forced technology transfer and theft and does not allow for the possibility that China's protection of intellectual property is improving rather than worsening. […] Since the subsidiaries of these holding companies using the licensed foreign technology are located in other jurisdictions worldwide, China probably ranks second globally in the magnitude of licensing fees paid for technology used within national borders.
From MMC's Brink [2]
> In the late 1980s and throughout the 1990s, Western firms such as Apple and Intel made large profits by investing in China to take advantage of the cheap labor, often at terrific human cost. As China’s economy grew and the population became wealthier, Western firms were then able to profit by selling their products back to the wealthier children of the same labor force that made them. The Chinese government saw this happening and wanted Western firms benefiting from the Chinese market to give something back. It established a system of approving foreign investments on the condition that the businesses involved agreed to partner with local firms and transfer knowledge and skills to the local Chinese market.
and [3]
> …Paul Goldstein, an IP expert at Stanford. Instead, it’s given away in negotiations with Chinese businesses, officials and investors.
[1] https://piie.com/blogs/china-economic-watch/china-forced-tec... [2] https://www.brinknews.com/why-china-is-a-leader-in-intellect... [3] https://www.brinknews.com/how-much-american-ip-is-china-stea...