I believe so too.
There is an element of insanity in it, too.
Maybe some but for fascists it's always about power and control (and China is fascist, they do have "private" industry under state control so not strictly commie anymore).
Our own domestic fascists (the left) used COVID to seize a lot of power and only gave it up when it became a political problem for them to keep it when the people started getting ticked off and not obeying. Then they allowed us some semblance of normality but are always hinting that they might take back our freedom at any moment. China is facing the same scenario right now.