The Chinese government doesn't do itself any favors by continually calling itself a communist government. However, if you look at everything they've done so far, it is very capitalistic. Karl Marx wrote the bible of communism. In the end, is nothing more than useless idiology. Yet, the Chinese government have used tried and true economic policies of the Western World to build up their economy. Even when balancing between government owned and/or natured industries to letting it go fully private is based on historically observation on what happened in the West. "What do you think the Russians talk about in their councils of state -- Karl Marx? They get out their linear programming charts, statistical decision theories, minimax solutions, and compute the price-cost probabilities of their transactions and investments, just like we do." - Arthur Jensen (Network - 1976)
"What do you think the Russians talk about in their councils of state -- Karl Marx? They get out their linear programming charts, statistical decision theories, minimax solutions, and compute the price-cost probabilities of their transactions and investments, just like we do." - Arthur Jensen (Network - 1976)Back in the 1950's and 1960's, Mao often accused Stalin of abandoning the true ideology of Karl Marx. As a result, Mao set in motion the Cultural Revolution in the 1960's, as he believe that revolution should be on going (another useless idiology from Karl Marx). As a result, China set herself back further than she already was.
Today, Russia is a relatively capitalistic society. And China too. And becoming more so every year.