Why? The PRC is making rapid scientific progress in production, infrastructure, green energy development, multilateral trade, and is wildly popular among its working class for the great achievements socialism has brought them. The large firms and key industries are state run, while the secondary and light industry has diverse forms of ownership from private to cooperative to joint-stock. Already, while being only in the primary stage of socialism, they are surpassing the US Empire.

The PRC's Socialism with Chinese Characteristics is merely one form of socialism, it just happens to be the presently most advanced form of it. Other countries like Cuba have similar but different forms of socialism.