Everyone forgets that the USSR and Eastern Europe collapsed because of central planning. The same will happen to China.
People were saying the same thing about the Soviet Union when Khruschev was over her being hosted by (then VP) Richard Nixon. 35 years later the Soviet Union was history.
Totalitarian states are like stately oceanliners cruising past the seemingly disorganized lifeboat of liberal democracies. Everything looks wonderful until they strike the iceberg.
Sooner of later the lack of a true legal system (ie. “Private Property) and Liberty is going to rise up & bite China in the hind-parts.