China is efficient but largely because they don't actually have to obey the State. They are capitalist; they compete in the global market and follow market sign

China is efficient but largely because they don't actually have to obey the State. They are capitalist; they compete in the global market and follow market signals. The CCP does put a heavy thumb on some scales, but so does every country. Perfect efficiency is not optimal when circumstances change, so states always enforce some redundancy. There are many differences, of course, but just don't get the idea that China consists of monopolies in a command economy. They call it "capitalism with Chinese characteristics."