There are definitely still some communist elements there, like large state owned enterprises and a very controlling&#x2F;authoritarian government.<p>But some of the key definitions of capitalism is quite entrenched in the society:<p>- means of production are privately owned<p>- profit-motive<p>- market-driven economy &#x2F; competition<p>- inequality<p>- minimal government interference<p>China definitely does not fit all the hard-core capitalism definitions, especially the minimal government interference part, but it&#x27;s closer to a capitalist economy than a communist one.<p>Lastly, no, the state does not guarantee employment, that has not been true for at least 30 years.