Wrong.

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.

No, it isn’t. Public ownership is the principle aspect of the economy and the working classes control the state, it’s socialist. What do you think socialism and capitalism are? Vibes?