I can’t remember who made the point, but Xi made a strategic error by robbing the western companies that chose to invest in China. Had they opened their markets and allowed them to make a return on their investment, whether Xi was robbing the IP or not, those companies would have acquiesced.
He didn’t understand the long game. The game was not all the way in the trap before he closed the gate.
Nobody trusts him with their money. Only way out for China is post-Xi.
China could overcome its problems by reducing government controls, increasing transparency, and instituting an independent judicial system.