The state enterprise side of the economy is planned, but the private capitalist - sorry, communist with Chinese characteristics - sector accounts for 60% of GDP growth and half of fiscal revenue[0].

That strong grip does more harm than good IMHO. Just look at how appallingly badly they mismanaged their domestic stock markets over the last few years.

[0] http://www.xinhuanet.com/english/2018-03/06/c_137020127.htm