Chinese markets do have greater freedoms up until the point you start making money and noise. Then the gov-backed vultures start swooping in and pull their mafia moves.

Without fair representation in the courts and judicial independence this problem will never be resolved and China will always be taking 1 step back for every 2 steps forward.

Hong Kong is a better example, they consistently rank #1 in the world in economic freedom and their economy skyrocketed as a result.