To clarify theoretical comprehension, if you wish to comprehend a system, whether socialist or not, you must first understand its means of production dynamics.In a capitalist world, the means of production are owned by the bourgeoisie.The market-driven central bank creates money, but private banking controls asset allocation, along with numerous leverage agents (fund management firms, for example).The bourgeois dictatorship takes systemic decisions.In China, the PBOC create money and distributed it to the financial sector (which was largely state-owned, while private agents were given forward guiding directions by the central bank).Levrage agents, such as the fund sector, are primarily state-owned and municipally directed.SOEs account about 30-40 percent of the GDP.Most importantly, China has no private sector.In Chinese, it is called the non-public sector (非公有制经济).