Hard to say.
A smart guest on CNBC a decade ago said that China has central planning by engineers, scientists, and mathematicians, and the US has central planning by lawyers. Neither is good, but by definition we lose.
It’s the exact opposite. The ChiComs only react to things in their country when it is already a problem that can’t be fixed—the one child policy, for example, now being reversed in favor of 2 children, but it’s too little too late. Or look at the ghost cities—the world’s biggest debt bomb just waiting to explode.
The ChiComs routinely make decisions that screw up whatever they were trying to improve, only to embarrassingly reverse it later, or make a big show of fixing a problem they set into motion 10 years earlier.
Do not underestimate their extreme incompetence. They are NOT good at running a country. They ARE good at destroying human life and even the Earth itself, however, their own and ours too if they could.
Communism is a bankrupt economic system. Reagan understood that because Reagan understood economics better than most. He knew that behind the iron curtain was weakness and poverty - an empty shell - and he forced their hand to show just that.
China has a zillion people but they are still basically a bankrupt economy. Just need someone with the smarts like Reagan to show them up.