You are alluding to Corporate takeovers which are to be expected in Capitalistic business environments. China is an industrial giant on the whole, and many Chinese corporations have purchasing power and would want to acquire additional technologies from time-to-time.
However, I do not recall US or other notable Western countries selling state-owned companies to China. Heck, American Presidents have blocked Chinese efforts to acquire any American and/or European company which contributed to the national security of US or even NATO at large in some way.
In fact, more recently, Trump administration is trying to disentangle American Corporate Sector from the Chinese Corporate Sector due to national security considerations.
FYI:
https://www.cnbc.com/2019/07/18/mor...production-out-of-china-due-to-trade-war.html
--- --- ---
Well, if PMIK want to sell PSM to China, be my guest. PML(N) have mortaged much of Pakistan anyway. So much for Azadi and nationhood. Might as well rename Pakistan to Chinistan.
WE have a dysfunctional economy, and people who do not want to abandon corruption. So...