If your local government attempts to use data against you, at least there's a legal framework to work within and fellow citizens who might be willing to take up your cause. There's not a lot of recourse against a foreign government using data to blackmail/access your company data/intimidate/disparage you.

Edit: I say foreign "government" instead of Huawei because of my interpretation of China's policies. If a company there has my information, it seems reasonable to me to assume their government does.