China who has pumped out more billionaires than the US for the third straight year
They also have about 4x the population.
China's mixed model does unfortunately still allow haute capitalists to spring up in certain industries. However the worst offenders are regularly captured and imprisoned, their wealth redistributed.
When was the last time a US or EU billionaire went to prison for any serious length of time and got their wealth confiscated?
The one that used a planned economy to corner the global markets
Oh no, a centrally planned & industrialized economy works better than unplanned, de-industrialized and over-financialized economy. Evil asians are cornering the market!
They are so far from Communism or Socialism it isn’t funny.
They are really far from communism as Marx defined it still. But they do have a working "mixed" system, with workers principally in control of the state, the state planning the economy, and the state directly controlling most important industries including finance, with regulated&limited capitalist development strategically allowed in some sectors of economy in order to advance the productive forces. This is consistent with (initial stages of) socialism in the most commonly understood Marxist-Leninist sense, similar to NEP if you're familiar with the history of USSR. It is not socialism in the Stalinist or classical Maoist sense but I don't think you are advocating for either of those.