Half of China's economy are state-owned enterprises (SOEs). China is still way more centrally planned than people think, including good old Soviet-style 5-year

Half of China's economy are state-owned enterprises (SOEs). China is still way more centrally planned than people think, including good old Soviet-style 5-year plans. Most of strategically important industries have not been "liberalized". When compared to places like Venezuela, which people love to bring up as socialist disaster of sorts, but which has way more people employed in private enterprises than China, China looks more socialist by your standard mainstream definition of "socialism".