Only if ghost cities count as economic growth.
They planned them well and then filled them with many thousands of potential ghosts.
It's all bullshit. Outside of some tech companies that are actual capitalist successes, it's all the world's biggest bubble.
You have to add the restaurants that feed over a billion people -- that's something.
Consumers know what they want and need better than any central planner. Thus is ever was, and thus it shall ever be.
I remember the Pet Rock. I remember Truck Nuts. Oxycontin seems to sell pretty well. Also, people buy software that everyone else uses -- not so much based on quality or trying it out.
I'm not sure if you are promoting Democracy or Capitalism. I do know that China has grown by using the opposite approach of recommendations by people in the US who promote Globalization. They have tariffs, protectionism of industries, public work projects and a command economy. Not that I'm promoting all of that -- just that this "markets are smart" notion is demonstrably nonsense.