This is such a funny take. In China corporations operate at the behest of the government. In the US the government operates at the behest of corporations.

That's changing, though. They <are> working together, but the balance is tilting towards the US government and worse, towards individuals controlling it.

The U.S. is moving to state capitalism (https://en.wikipedia.org/wiki/State_capitalism) which is common in fascist regimes (think Nazi Germany or fascist Italy)

Which should also be deemed very inefficient, if I understand correctly. Germany's growth was unsustainable. A realistic example would be Spain, where 36 years of real-world fascism left the country well behind comparable countries.

All that means is an interchange of definitions: Chinese calls "corporations" what US calls "government" and vice versa. But not fundamental different reality.

On planet Floorp, carpets (organic bipedal tetrapods) use people (machines that suck air) to clean vacuums (woolen floor lining). How quaint - no, not really, that's exactly the same as on Earth but with different words.

There are good arguments to be made that the USA's government is corporations, and the entity we call "the US government" doesn't actually meet the definition of being the government of the US.

Its a nice thought, but this is not at all reflective of reality