well two different answers depending on who you ask. Someone who leans towards free market ideology will say that China's state assisted capitalism is sclerotic and that picking winners and losers is ultimately bad for China and will turn out to be a drag, or alternatively by doing the same thing, which already seems to happen with the realignment on trade on both sides of the American political spectrum with Trump on the one hand and Warren's 'economic patriotism' on the other.

The next question would then be whether anything like this can be pulled off in the US at all, which entirely lacks the sort of corporate social structures you find in Asia but also say Scandinavia or Germany.