Billionaires exist as a necessary evil, they’re not deities like they are to the west like Gates or Bezos, or a pillar of power like Russian oligarchs. China may not be Marxist as it is, but to completely cut away from the rest of the globe would be suicide. Market socialism relies on being a necessary part of the global economy, and China being able to manufacture in it’s current state while being able to raise the conditions of the proletariat makes it either the worst socialist state or the best capitalist state. Neither is worth of the vitriol it has received. If they must exist, better they exist for the benefit of the people rather than own media companies that push right wing agenda.
The fixation with executions comes from the accusation that billionaires are in charge. It they truly were, they wouldn’t be subject to the same laws as the common folk, and yet herr they are. Unlike Russia or the west, they are held accountable for their actions to a higher degree. All else equal, the CPC treats billionaires worse than any other form of government, and that’s not a bad thing.
For your second point re: elections: Why? The US doesn’t even have free elections, an electoral college overrules pupular vote, nor does the UK, the king and house of Lords aren’t subject to democracy. The Soviets had a free election in 91, voted to remain socialist,nand it was hijacked by the west. Allende was democratically elected and the west supported the usurper. An election while liberalism exists is just inviting interference. Taiwan didn’t have elections for 4 decades and were still beloved by liberalss. The house of Saud doesn’t have elections, did 9/11 and is a close US ally.
If the outcome is obvious, why waste time and resources to indulge western sensibilities, as if bourgeoisie democracy is a human norm, when you can skip that step and move on with increasing society? If it just leads to a Chinese Jan 6th, or worse, why would that possibly be on the table? The CPC would win and somehow the losers would obtain US military grade weapons and seize power. And even if there were no interference and the CPC won anyway, guess what? Every paper in the west would claim it was rigged.