No, they’re using a capitalist mode to make the elite extremely wealthy. A communist would be either prioritizing or creating companies that are owned by the state or by employees, which are working to benefit the people, not a wealthy and powerful elite. This is not what China is doing. This is obvious to everyone even remotely willing to question them.
But that IS what China is doing. The number of billionaires reached its peak and is even going down now. 60% or their gdp comes from state owned enterprises.
Unless you think they were supposed to just remain an entirely agricultural society where everyone’s a farmer then sure.
China is using a capitalist mode of production to industrialise as it transitions to socialism.
No, they’re using a capitalist mode to make the elite extremely wealthy. A communist would be either prioritizing or creating companies that are owned by the state or by employees, which are working to benefit the people, not a wealthy and powerful elite. This is not what China is doing. This is obvious to everyone even remotely willing to question them.
But that IS what China is doing. The number of billionaires reached its peak and is even going down now. 60% or their gdp comes from state owned enterprises.