In China, the commanding heights of the economy are all publicly owned, and medium firms are largely publicly owned.

Yes, state owned, which suits the definition of state capitalism:

A state-capitalist country is one where the government controls the economy and essentially acts as a single huge corporation, extracting surplus value from the workforce in order to invest it in further production

And most importantly

This designation applies regardless of the political aims of the state, even if the state is nominally socialist.

I don’t wanna die, and I wanna grow old, but not because I am scared of death. I mean why would I be scared? As long as I am, death is not, and if death is, then I am not.

Nothing to worry about

Trump is cooking lately. This will surely help the US economy! /s