the reality is even worse. they are actually attempting to devolve to the communism era where they nationalise everything and you own nothing but nothing good is actually distributed again. if you dig a little bit onto the way China tries to stop COVID, it's not even within its intention, instead, all about absolute control for the regime. what's even more frightening, is that some countries are trying this way under the narrative of environment.
The ruling elite may want to return to "communism" because it's very convenient to rule over many millions of people, or should I say "slaves", with that system of governance. But the thing is that it is too late now. People of China have been enjoying all the delights of the Western civilization for too long to be withdrawn from that easily. If the Chinese government wants to play this game of a formally communist state it's one thing, but if they will try to "nationalize everything", people will rebel against them, and they know it.