If you use a non-traditional definition of Capitalism, I suppose, and you are referring to quantity, not power or percentage of the economy. They are more accurately described as a Socialist Market Economy, relying on state owned heavy industry (steel, banking, energy, transportation) and heavily controlled and planned private owned light industry (many consumer goods, clothing, gaming, etc). That's a major oversimplification, of course, but they run on Marxist-Leninist conceptions of economics.

[–] vfreire85@lemmy.ml -1 points 2 days ago (1 children)

they're a deformed proletarian state.

[–] Cowbee@lemmy.ml 7 points 2 days ago

I don't think that's accurate, though. If we look at the makeup of the NPC, it is largely Proletarian, and this infographic shows how the democratic structure of the CPC works. Most of all, though, the Trotskyist notion that public ownership and planning isn't "true Socialism" if it isn't done purely horizontally is pretty clearly a misunderstanding of Marxian economics and class dynamics.