These are some of the reasons why I would argue that it is wrong to place the People’s Rep. of China in the category of a generic capitalist country. I actually consider the Chinese economy to be presocialist, but the evidence that I have seen suggests that capital, the law of value, and generalised commodity production are all steadily shrinking in terms of prominence and importance, which is the opposite of what we would expect to find under a typical capitalist régime (id est a dictatorship of the bourgeoisie).