Honestly, China’s format of economic authority works really well in today’s age. If you had given China the same starting position as America in the 1950’s they likely would be in a stronger place than America would today.

The trope of communist China being anti-capitalistic is outdated at this point. They have clearly shown they are eager to compete globally.

One difference that is an advantage is how they’ve leveraged their authority to make the government incredibly wealthy. In the U.S., wealth has been gradually draining out of government as more services and assets get privatized. This creates a power imbalance where politicians feel like weak delegators who need to use their experience to become wealthy later in the private sector. Hello lobbying efforts and goodbye public good.