You and the original poster have described the exact way China has, up to this point, effectively leveraged a balance between state directed means of production

You and the original poster have described the exact way China has, up to this point, effectively leveraged a balance between state directed means of production and corporate capitalism. It is simultaneously brilliant and terrifying. The real question is how long the communist state apparatus can restrain their desire for absolute control. If they can maintain this balance for the next 20 years, China may become the dominant superpower in the world. However, if they cannot control the party's baser instincts, the Chinese economy may collapse under its own weight within the next decade.