American business leaders should be cautious about Chinese investments, warned Secretary of State Antony Blinken. Blinken sounded the alarm on Tuesday while speaking at The Wall Street Journal’s CEO Council Summit. “There is no distinction between a so-called private enterprise and the state,” he said. “If a private Chinese enterprise makes the investment, the state has access to whatever that enterprise has access to.” The Chinese Communist Party (CCP) can gain access to private companies in a number of different ways. In China, most companies, institutions, schools, and other entities have party branches or party cells embedded in them—allowing party officials to keep a tab on their operations and get hold of their confidential information. Chinese laws also grant CCP officials sweeping authority to collect data. For example, China’s Cybersecurity Law, which went into effect in 2017, requires all companies operating in China to store their data within the country’s …