I don't think it's too cynical given this move at this point. They have willingly entered into a market where corporations are sponsored for their loyalty to the state, which has done horrendous humanitarian crimes, without which they could have succeeded economically just as well. Seems to me any semblance of a soul has been lost here in favor of pure VC profits.
Freedom house is a US government funded agency that gives better press to countries allied to the US. A better index is the Democracy Index by the Economist [1].
China's actions seem horrendous from our perspective, but at least they are only operating within their own borders. How do you feel about the decades of war and destruction wreaked worldwide by our own government, including the bombing of schoolchildren just this week?