You don't get it- the Chinese public sector works WITH the private sector- to provide the infrastructure and supply chains that make China the most competitive economy in the world. I have many many times explained to you how this works but you seem incapable of grasping the concepts involved. Here- I will try again- an example is energy- Chinese government work to plan and build electricity generation capacity because they understand that providing electricity at the lowest possible cost is an incredible economic stimulus for productive Chinese manufacturers- this is one example of how Chinas strategically planned MIXED economy can out compete western manufacturers on most production sectors. Lets look at the results achieved in terms of electricity supply-

China now produces more electricity that the USA, EU and India combined.

Lets look at nuclear- China took US nuclear blueprints, tweaked them a little and is now building dozens of new nuclear power stations at a fraction of the cost it takes in the USA where just one or two new nuclear power stations are being build very slowly and at huge expense- because the USA has lost the ability to build things because the USA got drunk of neoliberal financialised crony capitalist bullshit that produces nothing except debt and derivatives.

Chinas mixed economy has won the trade war- USA cannot fight a war of any size because China controls the supply of refined rare earths and many other supply chains for the next decade at least. China understood that a productive competitive economy is a complex mechanism requiring careful strategic planning and a potent combination of state lead investment free enterprise.

Regarding the wests squandering misuse of fiat- you clearly do not understand how fiat issuance works- in the west the vast majority of new fiat money has been created by private banks when they issue debt to anyone for anything. Most of the issuance by the banks has been toward non productive asset price speculation- not productive investments- the governments at the same time have failed to provide the framework for private enterprise to invest in productive purposes. The west has failed because it has misused fiat debt issuance for self defeating asset pumping greed is good zero sum parasitic neoliberal bullshit. The bankers have done this and stupid western governments have let them because they are owned by the banks.