>>507791421 (OP)It's socialism with Chinese characteristics (nationalist ones).
There is no capitalism, as in "the system of capital ruling". All capital interests are subject to the will of the people and the state.
The Chinese state has majority ownership of some of their biggest companies, and has direct control over between (estimated) 20 and 45 percent of the entire economy. Additionally, they have "golden shares" in many others, and black bag silly neo liberals/libertarians like Jack Ma. The direction of the economy is towards the economic liberation of the Chinese people, they have lifted 800 million out of poverty and are the sole driver for this metric decreasing over time
It is a system totally different from the current hegemonic global system and one we should consider