Communism in theory vs in practice

Socialism is a Mode of Production determined by having public property as primary. In China, large firms and key industries are firmly under public ownership and control, and they actually have a falling number of billionaires in the last couple years.

https://redsails.org/china-has-billionaires/

In short, China has billionaires but they are devoid of political power 👍 🇨🇳