The CCP is using its authority to make its citizens the slaves of the world. They do this by manipulating the currency and internal environment to stop living standards and wages from rising to Western levels, while trying to avoid interference with economic activity that does not threaten the government. Key nationalized sectors under-perform (like their oil industry) while others work much like they do in America. That doesn't make them a centrally planned economy, any more than FED's currency planning makes the US economy centrally planned in nature. They have a "central plan," which is to drive all of their money towards reinvestment, but it's not a planned economy.
Going beyond a statement of facts, I assume the reinvestment is supposed to eventually lead to owning the world, but that isn't working out in Africa and all of the western infrastructure they finance has turned into yet another way for depressed Chinese living standards to transfer wealth to the countries the government is trying to get on top of. (It might feel intrusive to find out that a Chinese company owns a toll road you frequently use, but what actually happened is they froze their capital in a fixed asset, freeing an American firm to start a new project.)
It reminds me of how the US's own foibles, mainly of a neocolonialist/military interventionist type, have done nothing to benefit us but have weakened domestic security and the security of our interests abroad.
Going beyond a statement of facts, I assume the reinvestment is supposed to eventually lead to owning the world, but that isn't working out in Africa and all of the western infrastructure they finance has turned into yet another way for depressed Chinese living standards to transfer wealth to the countries the government is trying to get on top of. (It might feel intrusive to find out that a Chinese company owns a toll road you frequently use, but what actually happened is they froze their capital in a fixed asset, freeing an American firm to start a new project.)
It reminds me of how the US's own foibles, mainly of a neocolonialist/military interventionist type, have done nothing to benefit us but have weakened domestic security and the security of our interests abroad.