Yeah, that's your conventional wisdom, alright. Sounds like the average westerner who's got the world all figured out. Every country just wants to be western deep down, right? Care to scrape past the surface and get into the political weeds on this issue, and tell me how the SOEs benefit from further reform? The SOEs are the powerbase of the CCP. Reform is not going forward.
Maoism is being revived. Not fully and all at once, but the shift is clear. If you know China, then you are aware that Mao was never denounced. At most, the formulation was 3 parts wrong, 7 parts right. Never denounced. Fucker is on every single yuan note from ¥1 to ¥100. What you want--and what you naively believe is the universal want of every nation--is not actually what Chinese leaders want. Your interest is not their interest. Repeating the conventional wisdom that you soak up from western sources will make you seem like a genius on many topics, but in regards to knowing Chinese politics, parroting western assumptions gets you nowhere fast.
I like how I drop mention of Document Number 9 just to see whether anyone cares to search further about this important memo before voicing expert opinions, and clearly no one does.
Fine! You win, Bay12.
You win.PS. China is not capitalist. SOEs form about 60% of the economy. You can't buy land, only rent it from the government for 70 years. In China, this distinction is clear. Only westerners think there's capitalism in China.