if VCs didn't care about making their money back, but instead had very different interests, then somewhat

You don't think China (as a whole and as the government) is making it's money back? If not now, then in a few years

They're really not, the tiniest bits have shown with evergreen for ex, all the ghost cities. We don't really see the people who's savings, which with kids is the only "pension", have been demolished, on an individual level Chinese tend to save way more than others, this is gone. There's the demographic issue on top, the famines, that they import 70% of their food, depend on trade which the americans are withdrawing for protecting the routes of, and other unadressed issues because the priority is this investment, the missing population, the utter lack of statistics, even internally. Most likely the biggest factor will be wether they try something in Taiwan next year as they warned.