China also has the 996 working system in many companies. Anecdotally from many Chinese friends studying in the US, they virtually all agree: they would prefer to work for an American company or even a Japanese company, but not a Chinese company, with a very short list of exceptions (e.g., miHoYo). I think China does get results with its businesses, but it's not as if that comes for free or at anywhere close to the same cost for people in the US.