China has maintained enough of a market system to avoid our usual direct efforts at overthrow or embargo, as long as our billionaire ruling class sees their markets as an opportunity outweighing the threat of their government they’ll block any push by our government to interfere with their access to those markets. Not only did that work perfectly but they actually managed to get their greatest global rival to voluntarily de-industrialize and hand the vast majority of our productive capacity over to them without a single shot fired. Every last bit of argument here and elsewhere about whether they’re communist or not is just cope from people whose civilizations have never pulled off anything half that slick in their entire worthless existences.