No longer classic communist of course. It seems "state capitalist" is the most appropriate model for their system.
In any case it's important to keep in mind that it definitely isn't a Western-style capitalist system (in either practice or its ideology). Whatever the current reality, it's very quite significant that the CCP strenuously maintains the song and dance that it will still bloom into a "true" socialist/communist system someday:
The Chinese government maintains that these reforms are actually the primary stage of socialism[97] and the Chinese Communist Party remains nominally dedicated to establishing a socialist society and subsequently developing into full communism.[98] This was reiterated by Xi Jinping at the 2023 G20 New Delhi summit.
In any case it's important to keep in mind that it definitely isn't a Western-style capitalist system (in either practice or its ideology). Whatever the current reality, it's very quite significant that the CCP strenuously maintains the song and dance that it will still bloom into a "true" socialist/communist system someday:
https://en.wikipedia.org/wiki/State_capitalism#People's_Repu...