China has some more central planning than the US, but they lean on the same market mechanisms that the US does when it comes to most solutions, ie tax penalties/incentives and subsidies. An excellent example is their smog reduction plans.
Its also great you linked an article about Chinese steel because they do the same stuff there
There isn't a party planner in every steel mill determining output, they let individual companies react to market forces they shape with tax structures and subsidy.
People's republic of Walmart
Good thing Walmart wasn't supplanted by Amazon who delegates most of whats sold to 3rd party sellers. They certainly havn't copied that for their online sales, right?
Are we just gonna ignore the fact that the whole critique of centralization is that its inefficient, ineffective, and unresponsive to peoples needs?
Like as capitalism is becoming more monopolistic, its becoming increasingly bad at delivering goods that people actually want and just becomes better at supressing and controling them. You know the same critisism thats pointed at autoritarian communism.
I don't think this is the W you think it is.