It’s the same the world over - the elites keep their place in line via political power that let’s them spend our money, screw up our economy, and profit from it.
The Chinese elites look around and realize that they have more in common with the American crony capitalists than they do with their own people.
well, those Communist China “elites” do seem to feel some sort of connection with their American conterparts. Tens of thousands of those elites from Communist China are buying American houses (in the most expensive neighborhoods, the high prices largely the result of these mostly all-cash ChiCom buyers, ironically )....
of course, the rest of the housing market is (for the most part) still badly depressed (as so many Americans are losing their jobs.... and most people still employed cannot possibly afford ....)