Since 1949, the Chinese government has been a one-party communist system. This means that it theoretically strives for a state in which all citizens are equal in class and economic conditions.
Seemingly, this system lies somewhat in contrast to China's rise as a global super power in which everyone is clearly not sharing equally in the spoils. In fact, China has been sanctioned several times for human rights violations. Much of China's economic development has been used to benefit the government and high-ranking officials. By definition, the total state control of all industry in China more closely resembles socialism than communism.