The PRC is already in the process of eliminating the commodity form, requirements for doing so include breaking the international system of imperialism, and the establishment of socialism in countries China does trade with. Imperialism still exists, the periphery is breaking free from the domination of the core, but this does not happen overnight. The countries China trades with are largely not socialist either. Much of China itself is underdeveloped, and if the PRC is not indisputably ahead of the rest of the world then this will be turned against it if it makes any larher movements.
In other words, China cannot end the commodity form at the present moment, but that does not mean it is not working at the present moment on fulfilling the requirements to do so.
The PRC is already in the process of eliminating the commodity form, requirements for doing so include breaking the international system of imperialism, and the establishment of socialism in countries China does trade with. Imperialism still exists, the periphery is breaking free from the domination of the core, but this does not happen overnight. The countries China trades with are largely not socialist either. Much of China itself is underdeveloped, and if the PRC is not indisputably ahead of the rest of the world then this will be turned against it if it makes any larher movements.
In other words, China cannot end the commodity form at the present moment, but that does not mean it is not working at the present moment on fulfilling the requirements to do so.