>>1349281State Capitalism isn't really capitalism it's just the state existing while upholding a heavily regulated market economy. By definition that's so damn broad you can't even call it capitalism anymore.
>>1349344As far as I know China doesn't claim to have a fully Communist economic system, neither did the USSR. They're "transitioning towards communism" by manipulating global markets so they call themselves a Communist State even though they're closer to socialism(and kinda not even truly socialist at the moment). They learned from the death of the USSR due to its economic and political isolation that no state can survive on its own. Since the 1980's they've been heavily entrenching themselves into the global markets and slowly exerting control over large multinational corporations to pursue their ambitions. This is why they build ports and infrastructure in developing countries, to grow their economic influence. This is also what "Chinese billionaires" are for. They exist to be public-facing representatives of the party within economically powerful circles. They engage in cutthroat capitalist tactics and acquisitions to grow their influence and wealth while at the same time exerting China's sphere of influence globally. They're entirely puppets of the state and the moment they try to break free of the leash they're "reeducated" or replaced within their company, with all their wealth relinquished to the party.
>>1349369Workers in China have a role in the political/economic process, the Communist Party of China is the largest labor union in the world and local chapters of the party regularly hold elections and appoint representatives. That's kinda what "workers owning the means of production" means, not individual workers owning their machines. Of course those elections are probably very corrupt in practice but they have the appearance of worker participation.
