I haven't seen $20/lb brisket anywhere since COVID regardless of how nice the restaurant. But I'm also far too cheap to eat BBQ unless my work is paying for it or I have visitors from out of town.
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China didn't start it's transformation into a modern nation until Deng Xiaoping took power, pivoting away from strict maoism with market reforms. Modern China is far from maoist, the majority of their GDP is from private companies. And for their state owned enterprises most are run as if they were a private company once they have stability and an established market.
And many state owned enterprises started out as publically traded companies, so in those cases the state has no motivation to tamper with production as it would risk the enterprise becoming unprofitable and burdensome.