currently, a minority of chinese companies are private, and have been declining. they represent a very small minority of total revenue. a capitalist country will never be capable of distributing such enterprises to local jurisdictions like china is, or even almost eradicating poverty over these last few decades.

they are still using free markets for a minority of their economy, which does concentrate wealth. they are not numerous in relation to the size of their economy (or per capita), and some of the examples made of them when they step out of line really puts things into perspective.

Developer salaries in China are similar to salaries in the west

so... kinda high? i wish i was getting paid as much as a western dev, with the comparatively lower cost of living of a country like china. or mine.