Exactly.
The Chicoms don't want an increasing in size working middle class that is unemployed and angry that their new found good life begins to evaporate. Couple that with the hundreds of millions who are still peasants and that eould lead to some serious unrest.
That's the kind of instability the party leaders won't tolerate.
Yes - the last thing the Chicoms want is millions of displaced, irate Chinese. Apple alone employs some 3M Chinese in China. That’s one reason Tim Cook is confident Apple won’t be hit with Chinese tariffs in retaliation.