There are 3 types of business people in China IMO. Let me call them the Beijing faction, Shenzhen faction and Shanghai faction.Well, no doubt that Shanghainese are pro-west, as I mentioned. Shanghai is the perfect example of 崇洋媚外。But you also find hack a lot of Shanghai-like people you mentioned in Beijing's richest districts, such as Sanlitun in Chaoyang District. That's one of the richest areas in China. And it is also the richest folks who are extremely 崇洋媚外 because their wealthy often comes from it. And how did they even get to start their businesses? Connections with key individuals in the Party apparatus. That's why I have long argued that there is an unspoken bureaucratic capitalistic alliance between the "degenerates" and those within the Party. The Party needs them to create jobs and sources of black money, and the bureaucratic capitalists can do much better and have privileged access to do business with foreign MNCs due to Party protection and facilitation. They often function as financial middlemen in China's vast economy. Of course, this is a broad generalisation. Often than not, it is the kids of rich folks who have grown up in the West, obtained PR or citizenships, who then returned to China to be protected by their parents but believe that they are superior to Chinese in China because they have been "civilised" by the Western universities and have easy access to western MNC capital.
Beijing faction: SOEs, MIC, some software
Shenzhen faction: industrial and tech hardware private companies
Shanghai faction: foreign companies, finance, media and some software.
The interests of the Beijing and Shenzhen factions depend on China doing well. If China does poorly then they lose everything.
But the Shanghai faction - not necessarily physically located in Shanghai of course - doesn't depend on China doing well. They're only there to rent seek and extract profits for foreign MNC. Even worse is that because they are concentrated in service industry it's easy for foreigners to invest in.