You are way behind about China. That was 60s about 60 years ago! Today China is robots. China has way more robots than Japan America and EU all add up together! Their factories run by robots not slaves. You should consider visiting Shenzhen and see for yourself. Or if you are lucky can ask your Chinese friends to register you WeChat and Baidu account and create China version of Rednote XiaoHongShu. That place has uncensored Chinese day to day lifestyle. What you see on America media like YT X FB are heavily censored about China. Things about government is censored. But lifestyle not much. Almost everything in America is censored or fake flooded. You have to be outside of America like in Germany or Indonesia to really see how censored American from what is going on outside of America.
When things line up and the decisions are decent, top down can be really good.
When the decisions are bad, it is exceptionally dramatic failures too. Tofu dregs, etc.
Right now, no one has to liquidate so it’s easy to hide the damage though.