How is Chinese socialism different from neoliberalism? Is the main difference just lying in intent and ideology? They both believe in regulated capitalism. Chinese has its concrete goal to reach communism and Neoliberalism believes in magic hand of markets to just do good somehow?
What else am I missing? I understand it's probably a lot and that im being really reductive but this is why u ask questions ig
The big difference is that the Chinese state still has control of the banks and big industry. It also still owns all land and only leases out to capitalists.
Their state investment (Keysian sorta) is actually directly invested into projects and carried out with state construction companies instead of being a handout to private capitalists.
That's two big points that make it different, basically the state/party has maintained power over the capitalist markets.