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
China's communist party understands that they cannot let capital/capitalists have any control over the government, because that leads to the neolib order where govt is just a tool for capital. But they also understand that to develop productive forces, they benefit greatly from foreign investment. This was the trade-off that Deng struck when 'opening up' China. This is also why CPC maintains very strict controls on capital accumulation and monetary policy if it impacts the sovereignty of China.
That's my basic understanding. Just look up how China punishes the wealthy for stepping out of line compared to other capitalist nations.