[snowron6]

>China is ruled by a Communist party and they subscribe to communism

That's just outright incorrect.

https://www.wikiwand.com/en/Socialist_market_economy#/Market...

[ksec]

State Capitalism where they can take part or most of your wealth away at any time may be much closer to State communism.

[_akei]

What is incorrect about my statement? In case you don’t know or want to be reminded, the name of the ruling party in China is called ‘China Communist Party’.