Do not get me wrong. I agree with you there: No right at all.
But the real issue is not about 'eye-for-eye' matching of bans. China's National Intelligence Law effectively made ready literally every Chinese citizen a readied intelligence asset for the Chinese government. Yes, literally down to the individual citizen. It mean that if the Chinese government want, it can order a Chinese engineer that I work with to steal my company's secrets in the name of national security.
Original and official Chinese government source...
http://www.npc.gov.cn/COBRS_LFYJNEW/user/Law.jsp
Unofficial translation...
https://www.chinalawtranslate.com/中华人民共和国国家情报法(草案)/?lang=en
Note the highlighted --
citizens. The Chinese members of the forum will try to defend the law by pointing out the words 'state' and 'citizens', meaning only government employees are affected. But that is a feeble attempt of making distinction without any difference.
According to Chinese laws, Huawei
MUST have a Party representative on its board of directors. Effectively, Huawei under the 2017 National Intelligence Law became an international intelligence apparatus for the Chinese government. This also means that any device manufactured by Huawei can be modified to become a hardware intelligence asset. That nice Huawei phone that have more features than the iPhone? Definitely more features than one might think.
Next is that the ban is a retaliation for China's persistence at IP theft. All China had to do was declare no such recognition to the idea of 'intellectual property' and Western companies would still work with China, albeit with under business environment. But what China have done over the decades is create forced partnerships where IP theft is rampant and with silent government approval.