It would be hypocrisy if China wasn’t a heavily planned market economy that they are in fact claiming to be.

You have two systems, and one of them is having doubts about the efficacy of its own system.

In theory at least, China’s planning either results in less competitive alternatives, or eventually it would have to open up its economy (when the playground is more fair) to foster its own innovation. If it never allows competition then innovation would languish.

If we take action in contradiction to this natural series of economic events, we would be hypocrites as we’d be losing faith in our core economic beliefs.