It's real rich when in the middle of a US induced global financial crisis with countries being bailed out by the IMF left and right that people are claiming capitalism is a superior system. I'm sorry which country is still on pace for 9.6% growth? What's that? Communist-led China?
State-Owned Enterprises also posted a 40% increase in profits.
http://cnbusinessnews.com/chinas-state-owned-enterprises-post-nearly-40-rise-in-profits-last-year/
In 2006, the State Council announced the following:
"[T]he State should solely own, or have a majority share in, enterprises engaged in power generation and distribution, oil, petrochemicals and natural gas, telecom and armaments. The State must also have a controlling stake in the coal, aviation, and shipping industries.... Central SOEs should also become heavyweights in sectors including machinery, automobiles, IT, construction, iron and steel, and non-ferrous metals."
http://www.chinadaily.com.cn/china/2006-12/19/content_762056.htm
The government also ruled out privatization as recently as March 2011.
"We have made a solemn declaration that we will not employ a system of multiple parties holding office in rotation; diversify our guiding thought; separate executive, legislative and judicial powers; use a bicameral or federal system; or carry out privatisation," NPC chairman Wu Bangguo told nearly 3000 delegates.
"We must maintain the correct political orientation and never waver on key issues of principle such as the fundamental system of the state. If we waiver, not only will there be no socialist modernisation to speak of, but the achievements of development will also be lost, and it is possible that the state could sink into the abyss of internal disorder."
http://www.theaustralian.com.au/news/world/china-rules-out-political-reform/story-e6frg6so-1226020720813