And I have news for you. Does this sound like a capitalist system in China?
You know nothing.
Capitalism is an economic system based on the private ownership of the means of production and their operation for profit.Central characteristics of capitalism include capital accumulation, competitive markets, a price system, private property and the recognition of property rights, voluntary exchange and wage labor. In a capitalist market economy, decision-making and investments are determined by owners of wealth, property, or production ability in capital and financial markets—whereas prices and the distribution of goods and services are mainly determined by competition in goods and services markets.