Better for the corporations and billionaires to be subserviant to the government than the other way around.
Not when the government is the CCP.
They realize this capitalist experiment of theirs is creating way too much income inequality in society
Bwahahahaha!
No. You really don't have a clue about China, do you? It isn't capitalism which has created such vast inequality. It's cronyism. China is corrupt from top to bottom. You can't get anywhere without the blessing of the CCP. They pick the winners and losers. Economic inequality is far worse in China than it is in Taiwan, because China was never really capitalist, and Taiwan is.
In a country like ours, where the corporations and lobbyists own the government, something like this would unfortunately be impossible.
What do you even think "this" is? Are you actually naive enough to think that China is really going to help the poor, and lift them up?
No. Don't be stupid. China doesn't give a **** about their own poor. They treat them like dirt. If you live in rural China, you aren't even allowed to move to the city to get a better job.
One little tidbit I just found out about is damn flooding. Their flood management systems are garbage so they frequently have to release water from dams at levels that will cause flooding. It's possible to warn residents about these releases so that they can prepare. But generally, they don't. Why not? Because if it's a planned release, they have to provide compensation to the victims. But if it's an emergency release (even if they know it's going to happen ahead of time), then it's a natural disaster and no compensation is owed. They deliberately **** over their own citizens. This is just one of many examples of how.
The CCP are not the heroes you imagine them to be. They aren't just occasionally wrong, or misguided. They are villains, through and through. Stop being a sucker for their propaganda.