China's economic system China and the world series: Episode 2

Is it capitalist or communist? How does it differ from US or EU neoliberal capitalism? What has it achieved since the revolution in 1949? What are its flaws? What can we learn from it? What is the current economic strategy? How does it fit into the global economy? Who are the biggest Chinese corporations, how do private and state corporations differ, and what relationship do business elites have with political elites? What is the relationship between Chinese institutions and global capital?