[Right_Wing_Madman]

That’s a pack of lies...Every so-called private company of theirs is actually government-owned.

Private capital in modern China is immense. China has four million factories and almost all are privately or share-holder owned. You don't understand what happened in China after the Cultural Revolution. China's great economic expansion occurred after the government divested from manufacturing and transitioned to private enterprise (they copied Japan's post-war economic model). You still think Mao is running the country. Please, try and keep up.

[Olog-hai]

There is no “private capital” in Red China that is not at the Party’s disposal.

I presume you have never read The Principles of Communism? Ostensibly “private” capital is a means to an end:

In all probability, the proletarian revolution will transform existing society gradually and will be able to abolish private property only when the means of production are available in sufficient quantity. …

That was the impetus behind Lenin’s New Economic Policy, the systems of fascism and national socialism, and Teng Hsiao-P’ing’s Special Economic Zones, ad nauseam. Khrushchev even talked about “many different paths to socialism”; take note that the goal was never deviated from.