No they don’t. Source: me, lived/worked in China for 6 years. There are two rules: 1) to the strongest (doesn’t matter how you get there, 2) make/keep the right connections (guanxi) that will “apply” regulations to your benefit. Most cut-throat place I’ve ever worked.
it's not comparable, not by a long shot; the level of insider dealing, corporate theft, and corruption, is nothing like what's in the US (that is until Trump 2.0)