majority of billionaires are allowed to exist in the first place dumbass

Socialism is a transitory stage between capitalism and communism where there is ongoing class warfare between the bourgeoisie and the proletariat my dude. In China, the state is on the side of the proletariat, not the bourgeois.

And putting money into health and infrastructure is possible under capitalism

And yet China is the only major power where the state has a tight grip on both... Interesting!