this post was submitted on 11 Jan 2022
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https://redsails.org/china-has-billionaires/ describes the situation well.
...but it kinda doesn't tho? Also dropping a 7000+ word article without context of my question doesn't really mean anything. Its a trend I've noticed a lot with communists: asks simple question, drops a really wordy article that doesn't answer the question. That article has an estimated reading time of over 26 minutes. Aint nobody got time for that.
You're asking a genuine question, I'm providing you with an elaborate answer, and yes, it does answer the question. I could have also summarized the situation and said: "yes, China is still building socialism guided by Marxist-Leninist principles, using state capitalism as a tool with which to boost their productive forces in order to eventually reach 'real' socialism", but then all you'd have is my word without any explanation or substance. The fact that you deem it "too long" isn't my problem :)