I mean, some (most? Idk) of the means of production are owned by the state (ostensibly a proxy for the people, I’d rather it was more direct but the government has consistently high approval so I’ll give it a pass) and those are clearly socialistic.
But there are certainly factories and what not owned by capitalists, and as that accounts for much of the production that goes on in China, and as these products are not destined to serve the public weal but rather to be sent abroad as bits and bobs to be sold and promptly thrown away as serves global capital, I really don’t get the desire to not call this capitalism.
China, to me, has a very clear mixed economy with elements of both socialism and capitalism.
Or less for less. I know a woman who is a manager of a dialysis clinic, as soon as she was making over 100k she started getting pushback from higher ups, having more oversight, and having her funds for extra services to patients / staff cut. It’s clear they want her out even though she has the lowest mortality in the region, because they don’t need more than beds filled (Medicaid pays) and legally required minimums to be met.