Several points:

The accumulation of wealth by well-positioned officials in government in China has long held elephant-in-the-room status among educated Chinese. Shock and indignation is the province of foreign critics of China or HK lackeys.

The Western corporate ownership of media relegates the Times and Bloomberg to profit-motivated rather than journalistic behavior. This is certainly not China's fault.
Finally, the last vast transfer of 'communist' assets into the public sphere occurred in Russia. Harvard's Capitalist Consulting 'firm' of Professors Sachs, Schleifer, and Hays made a grand mess of that endeavor; the U.S. intellectual elite have no standing to criticize China's allocation of the people's property. Northern Europe's socialist countries have long been opaque about the ownership of oil wealth. And England has the same 400-some-odd (sic) families hording medieval assets and populating the House of Lords with inbred genes for centuries.

Give China time. Sophisticated modern pillage techniques such as campaign finance, revolving door regulators, corporate/complicit media and legislative lobbying takes a generation to develop.