Given the amount of suspicious Chinese devices and traffic, you'd imagine we should be doing something though?
Who is 'we'? Chances are you live in a country founded in democratic principles. This means after each election, priorities change, based on the politicians that are voted into office.
Take the USA as a good example. The priorities of the 2008-2016 administration were undermined by the 2017-2020 administration, and the priorities of the 2017-2020 administration are being undermined by the 2021-now administration.
Both sides think they're right, and were doing what was right for the country. Both sides think the other was an existential threat to the nation, and use similar rhetoric to justify their actions.
That ship sailed long ago.
If the only alternate is status quo, then it's not working very well is it for:
1) Tibetans, Uighurs and other minorities
2) Taiwan, India, and basically any country that shares a border which China, since China has border issues with every country that it shares a border with
3) US, and Western world whose IP is being stolen everyday and is being constantly under attack from China