China does not claim to be a fully communist society yet. Official ideology describes the country as being in a long-term developmental phase of socialism; communism is portrayed as a future goal. However, if they continue as they have been treating people like mere numbers, keeping them in poverty under total control, while billionaires amass wealth they will never achieve that anyway. In a society that ideologically advocates for overcoming class distinctions and capitalist exploitation, enormous private fortunes exist. Entrepreneurs like Jack Ma have at times amassed wealth running into the billions. At the same time, the Party controls key sectors of the economy and can exert massive pressure on companies. That transitional phase has gone spectacularly wrong. That is not how communism is defined. Private property is accepted only as long as it remains compatible with the Party’s political interests. This is very convenient for the government: it can harness the productivity and innovation of capitalism without adopting the political power structures of a liberal political system.