Given that we know that China is pursuing reusable technologies, but at an earlier stage -- see the CZ-8R, and the YF-102R engine that I posted above -- I think it is far more likely that China has simply been caught unawares as to the potential of reusable first stages and might currently be considering the strategic direction in which it wants to go, and how ambitious it wants to be.
A historical combination of less money, and less cumulative industry expertise and technology, I think is the best explanation for this.
That is why I see the CZ-5DY and the CZ-9(21) to be potentially so significant -- because they both have configurations that could be very amenable to first stage reuse, allowing them to reduce costs of development but more importantly to reduce the time of development.
But I believe they now have the money, and they have the technology (or will soon have it) to pursue such systems, it only becomes one of ambition.
Long Lehao has talked about the idea of a 10,000 ton space based solar power station in GEO, by 2050, that would require over 100 CZ-9 launches.
That is the exact kind of big idea project that should be pursued and encouraged, and is an encouraging sign that they recognize the importance of high paced and regular super heavy launches.
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I think China already have the tech. CNSA have already tested the stage reentry control(grid fins), booster parachute recovery & fairings recovery. What's only left is to actually land the stage.