Like Venezuela?
China is communist in government only now. The economy is more capitalist than us. The Government lets them do anything they want -except- anything that would lead to political power.
They are basically riding the tiger now. Business leaves the government alone, and government leaves business alone.
Its a weird arrangement, but one that neither side will change. Rise up like Tiennamen Square and the tanks will roll. If the government really actually tried to kill the hardcore capitalist manufacturing economy and go communist there, the government would be taken out and they know it.
There is nothing that China’s doing economically that isn’t in the Communist Manifesto or The Principles of Communism. And once the infrastructure is built, the business can’t abscond with it if the government wants to run it all in earnest.