Crony Socialism.
Actually, socialism is always crony. There are a few political families in this country, like the Kennedys and the Bushes. But in China the same families have ruled ever since Mao took over.
The Nomenklatura live in a state of privilege, and their children and relatives inherit from them.
It just makes it easier when the only rule is, “I am in power, and it’s to the re-education camp if you question me.”