Obviously, the caps know that liberalising china would allow then to yeild stupendous profits. But it may be unclear whether or not they are truly insane enough to do to china what they did to the USSR. The USSR economy was heavily insulated from the west. Dismantling it wasn’t a problem. With China, they have got to know that it’s best to slowly decouple from it before trying any drastic moves. Hopefully anyway.
Obviously, the caps know that liberalising china would allow then to yeild stupendous profits. But it may be unclear whether or not they are truly insane enough to do to china what they did to the USSR. The USSR economy was heavily insulated from the west. Dismantling it wasn’t a problem. With China, they have got to know that it’s best to slowly decouple from it before trying any drastic moves. Hopefully anyway.
Hence why reform and opening up was a 4D chess move and learnt from the mistakes of the Soviet Union