this post was submitted on 26 Feb 2025
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The working class control China, hence why billionaires are regularly executed if they hurt Chinese citizens.
I know it's hard to understand.
A fun question for you: can a worker in China start an independent trade union?
The answer: https://en.wikipedia.org/wiki/Labor_relations_in_China
China is a mostly capitalist country with the state owning a lot of capital, and a "communist" party deciding without a mandate from people. But it retains some features of socialist policy.
In year 2021, Beijing was the city with the biggest number of billionaires living there (later, Mumbai took over).
If you take the list of countries by income inequality, you will see that China has greater inequality than most of neighbouring countries, and most of Europe.
Some Gini indexes of Asian countries, more equal first (source: United Nations University, World Institute for Development Economics Research):
Some highlights from other continents:
Going by the Gini index, China has a lot in common with the USA and its closest matches among big countries are Russia and India.