Clearly, the panic button has been pushed. But as happens too often with outbreaks of sudden or uncontrolled anxiety, it misses the point: Don't worry about China. Worry instead if the pitiful state of your information security defenses will allow any attacker to wield nothing more than malicious email attachments to steal valuable intellectual property or even state secrets.
Uncertain fortune is thoroughly mastered by the equity of the calculation. - Blaise Pascal