My understanding is that the market economy in mainland China is not transparent and is very weak.

Where private enterprise often has to give way to state-dominated state-run enterprises. And in the last decade, the free market has been further curtailed and their rulers are practicing a command economy.

Inside this country, people are not economically free, and some people are carrying very heavy mortgages and car loans. Small and medium-sized enterprises have also suffered very heavy loss of profits during the epidemic.