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That the CCP is Communist in name only. The Chinese call it "socialism with Chinese characterists" which can stand for anything. The CCP is a fascist party and China has been capitalist for over 30 years now.
You don't become the world's 2nd largest economy by being Communist.
Wasn't the Soviet Union the 2nd largest economy during its time?
https://en.wikipedia.org/wiki/List_of_countries_by_largest_historical_GDP