I think what you’re trying to say is they have corporations. And they do, most of those corporations belong to the government and the government retains absolute control over business conducted in all sectors. Hence why any Chinese company that does not follow the will of the government closely enough is shut down. And why all Chinese companies are subject to intense scrutiny and government interference in the event that they do or allow anything the government of China dislikes. When they first allowed corporations to exist they were mostly formed by the government run industries that existed prior to the reforms. They also allowed the creation of corporations to allow Chinese industry to better interact with international capitalist markets. Its why China has seen such an economic shift over the last 40 years. The reforms were made with the intention that once those corporations had benefited from the international capitalist market they would be restructured and reacquired by the Chinese government. This is something they can do at any time theoretically.

Now whether they will renationalize these corporations is up to them. I’m not a fan of China and they probably wouldn’t like me very much. But they are still a one party post soviet communist state. Their government has never changed how it functions. The only thing that has changed is how their market is conducted, allowing international interests to help fund their industries and engage in open trade. And that change is definitely controversial and is described by some as incompatible with socialist thought. But no they are not “as capitalist as any other country these days”.