Are you sure? Do you remember how painful the Tiananmen sanctions were for China? China was that close in accessing state-of-the-art American helicopters, tanks, and radars. In fact, even Deng Xiaoping's grandson admitted that China needs to "know its place." Again, the international system has never been fair. It's brutal! China cannot demand others to adapt to its rise. Beijing has to adapt in order to survive and become prosperous. Just think of Imperial Japan before 1923. Japan actively supported Pax Britannia until it was powerful enough to decouple. That was the point of Deng Xiaoping's "hide your edge and nurture your strength." Ultimately, China did indirectly receive benefits from the U.S.-led hegemony in Asia between 1972 and 2017. While the U.S.-led alliance prevented China from taking Taiwan, it also castrated Japan militarily and prevented South Korea and Taiwan from going nuclear. The only major pain in the neck for Beijing was Taiwan (but this could wait), and occasionally having to pay lip service to democracy and human rights under Pax Americana. Coming back to trade. If China does agree to shrink the size of its state-owned actors while allowing more private and foreign-invested firms to have a bigger share of the market through rule of law (independent judiciary that protects small businesses from arbitrary administrative orders and well-connected SOEs) and fair competition, Beijing could really accelerate
urbanization and enhance
consumption. This is exactly what Xi Jinping hoped to achieve when he came to power in 2013. Keep in mind it is the private sector, not SOEs, that accounts for 70% of high-tech innovation and 80% of employment, which relates directly to social stability and legitimacy of the CCP. I am not saying SOEs are unnecessary (SOEs are indeed extremely important during wartime mobilization), but SOEs with too much administrative support and privileged access to loans (not available to private and foreign investors) hinder market competition.
Tiananmen's military sanctions caused China's domestic military complex to grow; if not, who knows, maybe the US would be threatening a weapons embargo on a reliant China today. China adapts far too well to the world as evident by its unprecedented growth and now the world is adapting to a rising China. Some may not like it and wish to resist it but they have no choice because they cannot stop China from growing.
Deng Xiaoping's son said for China to know its place, followed by "We should neither be overbearing or belittle ourselves.” and ironically, you are doing exactly the latter. China's not being overbearing; it's using its own tools to develop its own tech so it isn't reliant on foreigners and that's exactly what it should be doing.
China has analyzed the benefits and drawbacks of allowing increased foreign investment and has set the level to where they have deemed fit. Blindly allowing increased foreign ownership has dangers in both capital loss (from companies earning money in China and sending it back home), and receding control in certain sectors to possibly unfriendly entities or entities subject to foreign governmental influence. One of China's greatest advantages in its economy is its level of control and governance over it, protecting it from many dangers that would be catastrophic to freer markets.
For the life of me, I can never find a shred of usefulness in anything that you write. It seems your whole point is that it would have been easier and success more guaranteed if China waited to become more technologically mature to challenge the US. Well there are 2 points against that, both of which have already been mentioned to you:
1. It isn't China's choice to do this now; this happens to be when the US woke up. If it were up to China, we could certainly do this 10 or 20 years down the line. Do you know when the best time to challenge a hegemon is? When you're already so strong that he's no longer a challenge. But the US isn't that stupid, is it? So this is happening now because America, not China, chose to do it now and that's just fine because China's already got plenty of tools to use.
2. Yes, there are some things like MIC2025 that shouldn't have been given a name to keep the US slumbering for a bit longer (or perhaps not), but guess what? Everybody knew that way before you pointed it out and there's no reason or benefit to discussing how this could have been better handled if we were 3 years in the past! This is not 2015; it's 2019. This is fight time, no going back. Live in the now, not in the past! As you said, it's game on, and when the game is already on, nobody wants to hear a dude whine about how he wishes the game would happen a little later so we could prepare more.
So basically, your point is wrong and even if it weren't, it's still useless because it's not 2015 anymore. Do you have anything actually useful to say at all other than regurgitating American right wing propaganda, imagining worst case scenarios divorced from current events, or telling irrelevant little tidbits of history?