I don't understand why China which is a communist country would adopt much of libertarian values and least of all maybe hard money. They will probably give their citizens fully inflatable digital CBDCs but I don't see them going much longer than that when it comes to crypto used as currency.
They don't give their citizens freedom and they prefer to regulate things according to the government framework. That's why the country is considered not very crypto friendly and they don't allow it to grow or expand in terms of adoption. What they do is good for the economy in general and just look at how China is growing rapidly in many ways.
But this is not talking about crypto but other sectors where they are almost able to compete with powerful countries. For bitcoin it is almost impossible to develop there because of the strict rules they make and the people are not allowed to break them.