Go read up on the concept of the commanding heights of the economy. Not to mention the fact that the party owns the golden share in all major companies, and has members on the board. You could watch an explanation of how the economy in China actually works here https://www.youtube.com/watch?v=6E89qUXTX-k
You do know those are not the same? Its literally like saying that USA citizens live good life because S&P is over 50k.
Edit: and if you don’t believe me about gdp, here you have PRC press release from 3 years ago about Privately owned enterprises (POE means no government shares) http://english.scio.gov.cn/m/pressroom/2022-06/29/content_78295756.htm , ans here you have Daecheng Institute listing pure State Owned Enterperprise GDP https://zhuanlan.zhihu.com/p/720545740 at below 30%.
Go read up on the concept of the commanding heights of the economy. Not to mention the fact that the party owns the golden share in all major companies, and has members on the board. You could watch an explanation of how the economy in China actually works here https://www.youtube.com/watch?v=6E89qUXTX-k
Or even better, actually read a book https://redletterspp.com/products/the-east-is-still-red or two https://1804books.com/products/chinas-great-road would be a new experience for you.