Mmm…maybe. Same was said about Japan in the 1980s. Let’s look again and 25 years and see.

USSR had enormous growth in the early years (well, after adopting the NEP) all through the rural electrification period and were favorably contrasted with the 1930s depression in the west. It didn’t work out though in the long term.

Having a solid long term vision is plan, only if the solid long term plan is any good.

You trade stability for flexibility. It takes time to steer a big ship, even if your current plan has clearly extremely negative effects (e.g. killing all the sparrows resulting in a locust population boom during the Great Leap Forward). A command economy is about as big as a ship can get.

We'll see.

But one thing to keep in mind.

China has almost 13 times more people than Japan had at its peak.

China is 30 times bigger than Japan.

If China reaches Japan's level of development, its GDP will be ~56tn. For comparison, the US GDP is ~21tn.

They've been making some hard left turns lately that could very well drain the gas tank from the bottom. Or usher in a utopia, although it seems very unlikely. I guess we'll see!