Did you know?
All the biggest chinese corporations are owned by the state or by trade unions. Huawei is commonly denominated as ''private'' when they are really a subsidiary of a group controlled by the National Trade Union, which is controlled by the party.

"given the public nature of trade unions in China, if the ownership stake of the trade union committee is genuine, and if the trade union and its committee function as trade unions generally function in China, then Huawei may be deemed effectively state-owned."
Employee-owned.

Market Socialism, I mean, not perfect, but due to the subjugation of Huawei's trade unions to the state..it's indirectly controlled by it.

The only exception to the rule was Ping An - but it's still mostly owned and controlled by the Shenzhen government as it was founded under it from the beginning.
It's now publically listed.

As my chinese comrade @yaoxiai pointed out. That's the difference. China's companies are all either publically, state, party, government or worker owned.
That's what makes China work.