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It isn't though. a capitalist country would have private ownership and control of companies. China has government companies and government control of private companies and works lock step all together to keep the average joe in line and the factories churning out product. They now even have a strong man in charge for life. Therefore, China is more accurately described as a communist country that saw communism didn't work so they spent half a century pivoting to fascism while keeping the commie colors and aesthetic motifs.