It's... the opposite of competition?

A foreign government state sponsoring IP theft and manipulating markets for unfair competition.

Here's a 1:1 example if the USA did exactly the same thing.

1. CIA and Ford work together to steal mercedes IP 2. Gov gives money to Ford to build the same car half the price 3. Throw as many roadblocks at mercedes regulation wise as possible until it is not financially viable to sell in US anymore. 4. Sell the same car back to germany at half the cost they have it because mercedes isn't state sponsored 5. Crush mercedes who created the better car to begin with.

That's not only dishonest but actually harmful for innovation and economic growth. China has done this Sooooo many times it's absurd.