China is able to pivot quickly on projects of enormous scale in part due to its political structure. I doubt many western countries would pivot so quickly and drastically for national interests in whatever you call this version of capitalism.
That's literally the definition of economic fascism. Private corporations that are subservient to a one party state. The efficiencies of capitalism directed towards the will of the people.
I think it's important that people understand the core argument behind fascism because if you do not counter it, you allow it to spread. Sometimes not by name but in form.
It's also my core argument against any non liberal radicalism but that's not a popular view on this platform for some reason.