Western societies rise to prominence is due to acceptance of scientific temperament with a balanced moral view looking beyond religion and tribal mentality. They challenged the established religious groups and tribal rules. Traveled across oceans and built global trade. Property rights and all you described are just means which are just subservient not the main reason.

China is moving forward due to the same scientific temperament, may be need to supplement more moral education to build a balance. But that's a normal process given it took out 1.4 billion people out of poverty and making them one of the largest middle income economy and slowly moving towards developed.

You can see an example in India where all values you described are part of its constitution (probably the only nation where there is a chapter on human rights in its Constitution) and government proclaim to protect it. Still has one of the highest poverty levels in the world. India needs more scientific temperament to come out of its religious tribal mentality and need more science education.

The problem you described of Hong Kong is its own making where people accepted living in prison cell size house and rely on get rich quick scheme when China was closed which doesn't work anymore. So it's just paying the price of its own choice.