There is rumor Bitmain (creaters of Antminer, see Ant Financial aka Alipay) was really owned by Jack Ma. Now everything that was Jack Ma is now owned by CCP I would bet Bitmain is the CCP.
https://www.wsj.com/articles/alibabas-jack-ma-denies-beijing...
Of course, conspiracy theorists would say 'of course he would say that'.
That comes with the territory when you're a totalitarian state with no rule of law.
The other thing that's important to realise is that the Chinese government is incredibly complex internally. There isn't some Bond-like villain stroking his white cat all day and issuing decrees. It's a massive beaurocracy. Politics are crazy. The totalitarian state does not act as a single will -- it's a massive system of infighting and people trying to get the upper hand. Within that system, each of the players will be using their legal system against one another. It really isn't the case that there is any one entity that's just making up the rules as they go along and that can do whatever they want with impunity (as your posting implies to me).
So, I'm inclined to lean towards believing a more complex reality than "they forced him to say that".
And there are TONS of examples of official lies, especially on the subject of the ownership and control of large enterprises.
Worse still, there is this file called 'crimes committed by the royal family' that is classified until 100 years after their death.
This is why to this day we don't know the exact details of Bernhard van Oranje's many escapades and crimes, some of which were quite significant and yet ended up covered up.
https://nl.wikipedia.org/wiki/Bernhard_van_Lippe-Biesterfeld...
The combination of politicians and structural lying is unfortunately not limited to China either.
Not that I disagree with a large chunk of what you said either, but it's just not hyperbole that China has no rule of law per a common definition of the word because of party and worker judicial supremacy.
Rule of law definition: the restriction of the arbitrary exercise of power by subordinating it to well-defined and established laws.
Three Supremes: http://chinamediaproject.org/2010/11/12/three-supremes-%e4%b...
This term is commonly translated as "the rule of law", but strongly implies the distinction that you're saying the English term does not.
Central parts of "rettsstatsprinsippene": Everyone is equal in the eyes of the law, laws cannot be reteroactive, the accused is innocent until proved guilty, the arrested must be presented to a court within 24 hours, the accused have a right to a state-appointed defender.
I'm starting to think despotic regimes are bad.