Is China State Capitalist?

• The backbone of the economy is state ownership and socialist planning. 24 / 25 of the top revenue companies are state-owned and planned. 70% of the top 500 companies are State-owned. 1, 2 The largest bank, construction, electricity, and energy companies in the world, are CPC controlled entities, subject to the 5 year plans laid out by the central committee.
• Workplace democracy in action in the CPC.
• Is modern day china communist? Is it staying true to communist values?
• Didn’t China go Capitalist with Deng Xiaoping? Didn’t it liberalize its economy? Is China’s drastic decrease in poverty a result of the increase in free market capitalist policies?
• Is the CPC committed to communism?
• The Long Game and Its Contradictions. Audiobook
• The myth of Chinese state capitalism. Did Deng really betray Chinese socialism?
• Tsinghua University- Is Socialism with Chinese Characteristics real socialism, or is it state Capitalism?
• Isn’t China revisionist for having a capitalist sector of the economy, and working with capitalists? Why isn’t it fully planned like the USSR was?
• Castro on why both China and Vietnam are socialist countries.
• Roderic Day - China has billionaires.
• What is socialism with Chinese characteristics (SWCC)?
• How is SWCC not revisionist? How is it any different from Gorbachev’s market reforms?, 2
• Domenico Losurdo - is China state capitalist?, 2
• Did Lenin say anything about Market Socialism, or productivism?
• Vijay Prashad - Is China capitalist?
• Why do Chinese billionaires keep ending up in prison? Why are many billionaires and CEOs going missing? China sentences Ex-Chairman of a major bank, guilty of embezzling ~$100M USD, to death in 2019.
• China cracks down on billionaires - Ben Norton interviews Ian Goodrum
• Do capitalists control the communist party? No, pic

And yet you accept anti-communist slander as true without question.

Have you ever, even just once, asked yourself where those accusations come from? Who made them? Who propagated them? Why they did?

No one is claiming China achieved communism, we just believe its policies reflect an attempt at building it. It’s also silly to slander a socialist state as “authoritarian” if you have read the bare minimum of Engels. If you’re earnest on supporting communism I encourage you to look into the compatible left and seek non western perspectives more broadly.

The PRC has a socialist market economy. The working classes control the state, and the large firms, key industries, finance sector, are all dominated by public ownership. Public ownership is the principle aspect of China’s economy. State capitalism as a term more fits the Republic of Korea, where the state is controlled by capitalists and private ownership dominates the economy, but with heavy state influence.

Where are you getting your ideas about communism from that leads you to believe that China isn’t building towards communism? Roland Boer’s Socialism with Chinese Characteristics: A Guide for Foreigners is a great place to start with learning about China’s socialist system.