In my view China is capitalist.  It combines imperialist and semi-colonial 
features:

http://links.org.au/capitalism-workers-struggle-china

"China's economy is now essentially capitalist, as indicated by the 
privatisation of the bulk of the means of production, and the conversion of 
labor power into a commodity....

"State-owned enterprises remain dominant in certain strategic industrial 
sectors such as iron and steel, electricity and telecommunications, and in the 
banking sector....

"The continued existence of a strong state sector does not make China 
socialist.  In the past, many capitalist countries have had a significant 
sector of state-owned enterprises".

***

"After moving away from its alliance with US imperialism, China acted as a 
bourgeois nationalist regime...

"But now China is starting to look like an imperialist power itself.  It has 
big foreign investments.  It intervenes in conflicts in other countries - for 
example, supporting the Sri Lankan government against the Tamils.  It has a 
military base in Djibouti, a small country in the horn of Africa.

"On the other hand, foreign transnational corporations continue to use China as 
a base for production for the world market, ruthlessly exploiting Chinese 
workers. In this respect China looks like a semi-colony of Western imperialism".

Chris Slee





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