Much has already been said about why Huawei is not simply a state apparatus, so I won't repeat that. The point I rather want to make is this: having a factually wrong image of the counterparty is dangerous, especially if you view the counterparty as an enemy (justified or not).
If you care about advancing your material interests, then you might want to emulate what you believe makes the counterparty successful (in this case, the belief that they're a state apparatus). But when you find out that the emulation yields bad results because your image of the counterparty was wrong in the first place, you will have wasted a bunch of time and resources. It's in your interest to get your world view right the first time aroubd.