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A lot of this is far more COMPANY specific than COUNTRY specific.
For example, rewarding those who go above and beyond is far more related to the workplace culture imposed by company management than by any generic "this is how country X does it." For example, I've been rewarded, ignored, or even actively mistreated for going above and beyond at various jobs inside the USA. I hear tales of all 3 happening to people at various jobs inside of China.
It is true that China does have a stronger leaning towards reciprocating favors, but I'd love to see how someone can "make sure" a boss returns a favor.
Lately, news from the government about work has been mostly good news, at least for workers. The government has become more and more active at both improving labor regulations as well as enforcing them.
The housing "crisis" of falling prices primarily affects development companies, construction workers, and those who were counting on rising prices for income. People who make their incomes by flipping houses have a bad habit of buying too many properties. For an individual who bought 1 house for the purposes of living in it long-term, the current resale value has no bearing on the monthly mortgage payment (and interest rates have fallen, so most housing loan payments have actually gone down), so steak can remain on the menu. Unlike 2008 in the USA, the Chinese banks didn't repackage loans into bonds to raise money to make more loans (that got repackaged into bonds that raised money for more loans over and over again). So, unlike the USA, there has been zero risk of any major bank failures or a system-wide financial collapse because real estate prices dropped.
You are correct that China values stability more than the west. China saw what happened in 2008 and said "That's not going to happen here." which is why banks didn't have the option of recycling the same money over and over again to make a bigger, faster, and massively more dangerous price bubble.