There is capital in China. There are markets in China. But ultimately the Chinese economy is controlled and directed by the CPC The first point of ‘Xi Jinping Thought’ is “Ensuring CPC leadership over all forms of work in China”
Those wiley capitalists of the Communist Part of China. Evil geniuses... More seriously, if China is capitalist then the word capitalist doesn’t mean anything other than “system I don’t like”
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That’s one possibility. The other possibility is that communism/socialism/whatever is a deeply flawed bullshit ideology that, whenever implemented, ends up with a cabal of inner party member enriching themselves at the expense and under the banner of “the people”
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