In China, business IS the government. There is no real difference.
Actually, it's just like the USA, now. Big business is the government - small business is stepped on or ignored...until tax time.
One critical difference - the Chinese government takes no interest in micromanaging small business over things like ADA or OSHA or diversity compliance or a million conflicting city and state zoning/signage/lighting/operations laws, so despite the lack of real investment opportunities Chinese entrepreneurs arguably have it easier than their American counterparts.