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
Capitalism is an economic system and Neoliberalism is a political system that puts the government as subordinate to capitalism. China is a mixed economy that's probably closer to capitalism than communism. On the other hand, China's political system is not subordinate to capital and the government frequently disciplines capital (and capitalists specifically). This is in contrast to the US where capital can frequently discipline the government and bully it into giving the capitalists whatever they want right then.
Other people have explained the regulation thing better than I have.