If China really is a socialist country or one pushing towards communism, why do you think they are waiting to push more directly in that direction? What is to be strategically gained from capitalizing your economy, essentially going backwards for 50 years instead of continuing to push for communism?
I think they're not pushing for global revolution and communism, CCP are a socialism in one country party. interventionism is just really not their thing, it's a point of pride for them. they absolutely should transition to socialism faster, and could even do so with a transitional market socialist stage with workplace democracy and co-ops becoming the dominant part of the economy. I think they just want to go slow and steady, and that the climate collapse will push them away from a market economy as markets become unstable and there's no foreign capital to soak up anymore