Lol. Firstly, China claims they’ve eradicated absolute poverty. Do you really believe that?
Secondly, China has opened its markets to the world and allowed a ton of private ownership and private companies to take on the global markets.
The only thing that isn’t capitalist about China is the word “Communist” in the ruling party.
This is a country where COVID originated and with a population of 1.4 billion, yet apparently only 5,272 people have died. They’re not great at telling the truth and are masters at propaganda.
The profits from companies are retained by the companies. Isn’t the idea of socialism that the workers own the means of production and no companies profit? The Chinese economy is set up the exact opposite.