Which parts of the Chinese economy are not subject to a complete hostile takeover from their government, including but not limited to disappearing the companies

Which parts of the Chinese economy are not subject to a complete hostile takeover from their government, including but not limited to disappearing the companies leaders? Just because state officials aren't directly managing day to day operations does not mean that company isn't owned by the state, because in China, that company is always owned by the state. What is this nuance you seem to be referencing but not explaining?