Don't listen to this clown's vibes based analysis. China considers itself a transitional socialist state. That is, the economy contains elements of capitalism, but the state is under the control of the CPC (CCP is a derogatory term used by sinophobes), and the key pillars/commanding heights of the economy are state owned.

Does China have a billionaire capitalist class? Yes. Does this class weild political power? Not anymore than the average Chinese citizen. There are billionaires in the CPC, but very few and none of them occupy positions of power.

I'm sure other comrades will share some more comprehensive resources, but here's a couple to get you started.

• Why China is not a capitalist country
• China has billionaires

LOL, I love that you went all on with the confidence of an ignoramus and then at the last second just openly stated you have no idea what you're talking about.

Do you have zero self awareness? Are you incapable of seeing that if you have no idea about socialism then you literally have no idea how to evaluate and analyze China's systems?

For example, did you know that China has no freeholds on land, only leaseholds? Did you know that the state executes executives of companies that harm the public for profit? Did you know that in order to be a politician you have to pass rigorous tests that cover topics such as Marxist theory and the Xi himself had to take the test multiple times because it is meaningfully difficult and he had to actually work for it and wrestle with the complexities of Marxism in order to even get into the party?