It's not American exceptionalism but rather a statement about the tendency of Chinese policymakers to focus on America when they look for inspiration in reformi

It's not American exceptionalism but rather a statement about the tendency of Chinese policymakers to focus on America when they look for inspiration in reforming their legal, financial and business systems. For most Chinese, America is the stereotypical example of how those things work in foreign countries. In other domains they may look to other countries, e.g. Japan and Germany when it comes to industry.