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I think we need legislation to give us privacy in the world wide web and in that aspect you are correct. Where I disagree is that information is harmless and you dont care if the CCP has it or the US has it. In the USA we have freedoms that chinese dont have, also hundreds of thousands chinese nationals are coming through the mexican border. Why are they coming to the US by the hundreds of thousands if China is good and the US is bad. Joining another chinese app is insane and if they reach huge #s they will ban those apps as well.
I agree with you on the web privacy legislation, but the point u/Filthmontane was making is that the CCP could have our data anyway, by buying it from Meta or Google, so at least giving it directly to China is better (in that at least Meta and Google don't have it). I think that argument is only half-serious, but after the whole Cambridge Analytica debacle still more serious than it should be...
When you sell data you choose what to sale. When you are the one collecting all that information you dont have a limit on what you can collect. Selling them data is safer than letting them collect from the source. I dont think we should be selling peoples information and a hell no to us letting china collect it.