In 2021 alone China has
Massively lowering housing prices via a massive series of new laws and regulations
Completely dismantled it's tech sector with new regulations and anti-monopoly laws with new data security laws
Cracked down on rising healthcare cost
Cracked down on their media/entertainment sector, banning "sissy" men from TV
Banned for profit education
Implemented massive tax reforms
Cracked down on fandom culture and sissy men
Implemented various methods to increase marriage rates and the birthrate at large
Banned various exams for young kids
Only allowing children 3 hours of gaming a week
Banned 996 work schedule
Made sure that food delivery workers and taxi drivers get more money
Cracked down hard on many members of the CCP for "corruption"
Implemented a sets of new laws to control pollution, even setting up a string of national parks
Reforming their national fitness policy, with emphasis on getting their children to exercise more
Changed to a 3 child policy
Implemented a "common prosperity" policy
Reined in their real estate developers borrowing limits, thus kicking off their housing/debt crisis that we see today
Allowed for record breaking massive amount of state owned companies to default and go bankrupt, all their biggest real estate developers too
Reined in the country’s private equity and venture capital funds
The question is why China doing all of this? This doesn't seem like the actions of a confident stable nation but rather a collapsing one staring down the barrel of a gun. China knows that it's gonna collapse soon and this is their last desperate attempt to save themselves and the country from the deep rooted problems that plague the nation. But they can't succeed, this is merely the death rattles of the already dead China and their useless commie government that has no idea how to govern.