When Hollywood was built in the 1920's it was not exactly the backbone of the economy. The article argues that the Chinese Government sees value in the economy beyond GDP goes up and cash flows good. Technology and manufacturing are important to national security.
The article quote Xi Jinping saying “we must recognize the fundamental importance of the real economy… and never deindustrialize.” I guess the national question for the other super power is how important is this "real economy" to itself. Is too much talent and labor sucked up in profitable activity that is suboptimal for a nation? Are these 21st century company's like Netflix good enough for our nation?