what is communist about China? what is capitalist about China?

>>3026154
>what is communist about China?

The communist party running the place

>>3026158
>The communist party running the place
That is also the capitalist thing about the country

>>3026408
>calls themselves communists
>everyone says they're capitalist

why is this allowed?

China is unironic fascism.

>>3026553

Because they only do so to preserve the legitimacy of the ruling party. Deng Xiaoping and his successors knew how flawed the idea of communism was.

>what is communist about China?
State ownership of half of the economy.
>what is capitalist about China?
Private ownership of the other half.

>>3026553
Because even Mao realized that Communism was hot dogshit some Yid in Germany cooked up with absolutely no input from empirical observation about how economics actually works (This is laughable in Western society but in Chinese suggesting such a thing would be even worse). Deng Xiaoping ditched it the moment he got in power, but The Party can't drop the name or they lose the Mandate of Heaven. The CCP has had entire series of books that sum up their ideology as "Communism sucks, let's explain why capitalism works in Marxist woo and pseudoscience".

>>3027971
>State ownership of half of the economy.
Was few kingdoms with close thing - king and his close friends had ownership of half of the economy.

>>3027971
>Private ownership of the other half.
Is this good? I'm worker and don't have a chance be a capitalist-bussnessman because wages are low, buying a very small place for trade point is impossible, this will take a few decades. Also business of mine country often do offers "work on 3-5 profession same time for 1 wage".

>>3026408
Its not pure capitalism. Its state capitalism. Basically state controls most of the important infrastructure and has way too much influence in economy sector leaders.

You can call it a revised version of capitalism however then you'd have to extend the definition of capitalism to ones practiced by China for thousands of years.

The fact of the matter is, China is not practicing capitalism as defined by western standards. They're practicing something similar to capitalism but with state control. Is there a proper term in english for that?

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Historically speaking they maintain their communist party roots. However in actual fact their economy is state capitalist where companies exists such as sinopec that operate on the global capitalist market but who's majority shareholders are the Chinese communist party.
Basically China realized that there is lots of money to be made on the world market and so these companies operate on china's behalf, the profits are then returned to the shareholders (aka China's communist party).
If one was to do some mental gymnastics, in theory the Chinese communist party represents the Chinese working peoples, and because the Chinese communists own the majority of the shares in their companies, they could argue that the Chinese working people own the means of production through companies and thus are communist as their is no private companies as the majority share holders are the people.
In reality though the Chinese working people rarely see the profits of these state owned companies equally (hence the income inequality) so it is often labeled an authoritarian capitalist system by outside actors.
TL;DR domestically it is communist to appease the people, internationally it is capitalist to appease the nations of the world, in actuality it is neither and both.
(Ironically it is almost fascist economically speaking tehe)

>>3026154
Communism means a nation is ruled by a communist party. It also means state sector is an important part of economy. Both is true for China.
The Russians had this idea to crush the private (capitalist) sector. This is just stupid and a recipe for failure .

>>3028060
>They're practicing something similar to capitalism but with state control. Is there a proper term in english for that?

Fascism. For real. One of the defining traits of it is a merging of government and corporations.

>>3026553
"Socialism with Chinese Characteristics"