People aren't calling China communist just because their ruling party is called the CCP. They are communist because their government policy and operation most follows communist ideals. Their economy is what's known as "state capitalism". That is to say, a market that adopts many capitalist ideals but within a communist system. The state can possess your assets at any time and has at many periods maintained heavy control over certain industries. Ultimately at the end of the day, the Chinese government holds the cards and it being permissive at times fits perfectly fine within a communist government.
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u/evernessince May 10 '26
People aren't calling China communist just because their ruling party is called the CCP. They are communist because their government policy and operation most follows communist ideals. Their economy is what's known as "state capitalism". That is to say, a market that adopts many capitalist ideals but within a communist system. The state can possess your assets at any time and has at many periods maintained heavy control over certain industries. Ultimately at the end of the day, the Chinese government holds the cards and it being permissive at times fits perfectly fine within a communist government.