You could make the same argument of Soviet Russia and other despotic regimes (like today’s Russia). Does it provide any special insight? The majority of people are not involved in the power system of governments.

Having government be intimately intertwined the way China does makes the economy makes the playing field unfair. China basically locked out a lot of US companies from the market and forced a tech and knowledge transfer instead and the US leaders let that happen. The US is starting to finally try to adjust its markets to reflect that and it’s sticking with free markets for now (módulo stuff like TikTok).

Another issue for China domestically is that the entertaining or economy and politics means that there’s an even strong danger of corruption than even the US with all its problems.