The west is Jealous of Putins authoritarian Government, because their democratic tricks cant infiltrate it. Same with China.
I do have to say that you are on to something. You are not entirely correct, but you are on the trail.
What actually happened is that the year 2000 was a turning point in the US. That was when the US granted China PNTR.
The fight was between the so called Panda Huggers who were really uber liberals that said the US should not try and impose their will on other countries... they introduced thinking that a Communist Government (such as that of China) is equal in every way to the US form of Government. Keep in mind I am not talking about a particular party, I am talking the overall type of government.
They would outright persecute people that didn't think the way they did. If you were not 100% on board you were an evil McCarthy-ite.
The problem is there were a bunch of people on the left (in the US) that still had objections to China based on their actions and a whole lot of people on the right didn't like that ideology either. But what transpired was big business, primarily the tech sector literally bought off Bill Clinton and a bunch of other people to get special treatment for themselves. You don't get a $100B fortune by just being a nice guy--
Anyway with the above mentioned global ideology being firmly rooted in place (via our own corruption) it gave birth to what I call 'state capitalism'. In China how they define 'private' is not how we define 'private'. Yes they do have companies that are genuinely private based on our definitions, but to them, if the government owns 51% of the company and it has Western Style of management, it is then deemed 'private'.
Basically the Communist Party in China began more and more acting like a Private Equity fund. They would hire and install Western management in firms all across the country including many previously state owned industries. Instead of trying to micro manage, they let the management do whatever they saw fit and would rarely step in for day to day control.
If I ran a business that had the financial backing of the US Government as well as the backing of the CIA and NSA I am quite sure I could turn a good profit. We don't typically do that though (not all the time) so our industry is left to their own devices and trying to please a bank or shareholders and they are at the same time literally competing against state owned actors. What we consider as our prime corporations are in general competing against the comprehensive state power of China. When they (the Chinese) target something, as of late they are somewhat successful in taking it over.
That new form of state level capitalism is what we are up against, and not just from China. Now in ways we are adopting all sorts of otherwise insane things to try and combat it but others just want to join the party. But at the same time as that China has a direct fire hose of money literally directly into Washington DC.
Edit: I should add Russia ain't no fools either. The afore mentioned state backed, state run capitalism is exactly why there are so many Russian yacht owners these days.
And our ideology as the US is concerned is the same as it was back in 2000 when PNTR was granted.