Tomorrow morning they're testing the whole 26mio people in Shanghai (me and my family included!) in a single morning 😲 Starts at 5am and goal is for everyone to be tested by noon. Results expected the same evening around 7pm.— Arnaud Bertrand (@RnaudBertrand) April 3, 2022
Soviet Union also had aspects of capitalism, as does China. But China's aspects of capitalism are more bigly and significant than USSR's, and it is thus far more closer to capitalism than the USSR or other previously existing socialist societies were. Because China's Aspects of Capitalism include having privatized workplaces and free markets (to a greater and more significant extent than the USSR did), and because the socialization of workplaces and distribution of goods (I, as a reasonable person, would assume) is a tenet of socialism, this makes China a country with a capitalist mode of production. Hence China is not a socialist country yet.
Its much more complicated than just a dial being turned from communism to capitalism. The means of production are owned by the communist party, and they are leased to the capitalists to manage, which does allow them to make a profit. But the communist party has total power to control and dominate the economy; the capitalists have absolutely no political power.
Soviet Union also had aspects of capitalism, as does China. But China's aspects of capitalism are more bigly and significant than USSR's, and it is thus far more closer to capitalism than the USSR or other previously existing socialist societies were. Because China's Aspects of Capitalism include having privatized workplaces and free markets (to a greater and more significant extent than the USSR did), and because the socialization of workplaces and distribution of goods (I, as a reasonable person, would assume) is a tenet of socialism, this makes China a country with a capitalist mode of production. Hence China is not a socialist country yet.
Its much more complicated than just a dial being turned from communism to capitalism. The means of production are owned by the communist party, and they are leased to the capitalists to manage, which does allow them to make a profit. But the communist party has total power to control and dominate the economy; the capitalists have absolutely no political power.