Nope.

Is China State Capitalist?

Much credit to /u/bayarea415

• A China misinformation Megathread.
• 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.
  • 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 myth of Chinese state capitalism. Did Deng really betray Chinese socialism?
  • Are capitalists allowed in the communist party? No, pic
  • What is socialism with Chinese characteristics (SWCC)?
  • 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.
  • How the State runs business in China.
  • 50% of the economy is in the socialist public sector and directly follows the plan (40% if you ignore the agricultural sector). 20 to 30% is inside the state capitalist sector, which is the sector partially or totally owned by domestic capitalists but run by the CPC or by local workers councils. The rest is made up of the small bourgeois ownership like in the NEP.
  • China pushing forward Marxist training in colleges, attracts 1M students.
  • China tells the US that it has no plans to weaken the role of its State-Owned-Enterprises, one of the US’s main demands in the trade war. “Beijing plans to make the state economy stronger, bigger, and better.”

Just tell me one thing: how is it possible that China would be the first capitalist country in history where wages have increased 10% every single year for at least two decades? Capitalists dont just give their profits away like this.

And also, we will obviously allow some nuance on China here, esp w/ respect to its foreign policy and the pragmatic decisions that have to be made, but this site will not turn into an anti-china neocon site like reddit.