I am not sure China agrees with you. 92% of businesses in China are fully privately owned, and they make up over 60% of GDP, and most people (80%?) do work for fully private businesses. At least according to Chinese government.
Unless of course you meant something else by that statement?
https://english.www.gov.cn/news/202504/30/content_WS6811c4e7c6d0868f4e8f2372.html
I am not sure China agrees with you. 92% of businesses in China are fully privately owned, and they make up over 60% of GDP, and most people (80%?) do work for fully private businesses. At least according to Chinese government.
Unless of course you meant something else by that statement?