I really like this framing. Makes alot of sense. This could be true.
Discussion
See what the CFR, specifically Richard Haas, has to say about the CCP. (The CFR is the mouthpiece for Western Globalists).
The Globalists had hoped, over decades, they could rope China in economically to compel them to be docile junior members of the world order, like Canada or Germany for example.
The CCP played the long game, enjoyed the benefits of joining the WTO and other economic deals, but never had a desire to be subordinate to a bunch of Westerners over the long-term.
This became apparent when Xi took power. At that point the Globalists stopped propping up the CCP and realized they had created a Frankenstein that could sweep them aside eventually.
If you read what Haas and CFR writes this is what they are really saying, and it makes sense to me.
No they knew they where propping up China and undermined the west when they moved their manufacturing there and admitted them to the WTO. Yes some may have thought the increasing prosperity would break the CCP but it was always just a money and power play by the multinational corporations. They knew very well this move would lower the wages and living standard in the west and increasing it in the east. It was an huge arbitrage play with the added benefit of creating new markets and levelling the global playing field at the cost of the western middle class worker. National politics is a sideshow their ultimate goal is a fascist new world order where Nation states are second class citizens.
Sir James Goldsmith discusses the ramifications of free-trade agreements that were about to take place in 1994 (GATT). https://www.youtube.com/watch?v=wwmOkaKh3-s