The skeleton of their economy ("the commanding heights of industry") has been nationalized all this time, even through the whole rightward turn from Deng to Hu. But in addition to this, over the last 15ish years specifically the government has been accelerating its takeover of private corporations, leading to public ownership, spending, etc. being an increasingly larger part of the economy. The CPC is also inserting supervisors into leadership of private companies that have yet to be nationalized.
The skeleton of their economy ("the commanding heights of industry") has been nationalized all this time, even through the whole rightward turn from Deng to Hu. But in addition to this, over the last 15ish years specifically the government has been accelerating its takeover of private corporations, leading to public ownership, spending, etc. being an increasingly larger part of the economy. The CPC is also inserting supervisors into leadership of private companies that have yet to be nationalized.