You can, but you can't get environmental damages corrected, liabilities and damages covered (if say, they caused a fire or disaster in a community), or debts re-paid (if greater than the value of the property). Lots of issues with this. Chinese firms have bought a significant amount of US infrastructure, so it's also a national security issue.
https://americafirstpolicy.com/issues/20220906-u.s-infrastru...