Their economy is not the end, but the means to an end.
People that assume China is a capitalistic society are forgetting that they are taking the long road, while western capitalists take the short one.
At our peril.
I’ll disagree. If they weaken their own economy they get further from whatever goal one might ascribe to them with the exception of if they wanted to get poorer. There may be some short term goal that involves adjusting their dollar holdings which is possible but thats it. They have over the past two years or so lightened up on US treasury holdings which has gained them more dollars.
One other point i’ll make. The party leaders are just as greedy as ours. They have personal interests in most if not all of their nations businesses. Their children hold high positions in those businesses. If they hurt their own economy they hurt themselves. Greed if nothing else casts doubt on the story.
I’ve been in finance since 1977 and close to retiring. The whole emergence of China as an economic power has taken place in the last 25-30 years and i’ve been witnessing it all. No expert but i’m somewhat knowledgeable.