[Right_Wing_Madman]

You obviously have no clue how things work in China. The CCP controls all capital resources in China, and all the “private” owners in China have no rights but what the CCP sees fit to let them have

Like many FReepers, you have an antiquated view of China's contemporary business climate. Deng Xiaoping fought an inter-party ten-year civil war against Mao, primarily, because he knew China couldn't have a world-beating economy without private enterprise.

Deng would end up winning that war (the Cultural Revolution) and in 1988, he pushed through the CCP one of his final reforms: allowing the formation of private corporations and sole proprietorships in China.

Today, China is a beacon of capitalism, more than the United States. Private enterprises make up more than 90% of all business entities in China. In addition, foreign-invested LLCs, Wholly Foreign-Owned Enterprises (WFOEs), and Chinese-Foreign Joint Ventures thrive there.

[Truthsearcher]

No, it’s you who have an outdated view.

Deng did push through some economic reforms, which is how China went from abject poverty in the late 70s to a much improved situation by the 2010s.

The new leader Xi though, put in place because they thought he was going to continue Deng’s reforms (because his father was pro-reform), showed his true colors after taking power, which is that he wishes to return to the days of Mao.
He has completely reversed course, promoting state run businesses, and attacking private businesses, and has completely botched China’s economy, which is in the middle of a huge collapse.