This is a terrific article that shows how and why China did a much better job of weaning itself off socialism than did the Soviet Union. Basically by still keeping bits of socialism in the shape of its State Owned Enterprises which became shock absorbers of shock changes.
Whereas the Soviet Union just dumped it all in one go and the result is today's corrupt kleptocracy. Oligarchopoly... Putinocracy.
And why Trump needs to go easy on criticising the SOEs. They save us from chaos. And the last thing we need here in Hong Kong is a China in Chaos (乱). We've often thanked our lucky stars that Beijing has managed so well — albeit with substantial nasty bits, 'n all. Censorship, corruption, repression of Uighurs... but it could be, could have been, massively worse.
*******
