You mean the same People's Republic of China that... checks notes
- also has a huge wealth gap
- expensive healthcare
- you have to pre-pay for any treatments, including emergency room treatments (they will refuse to to treat you if you don't have the money). That shit you see about China having "Free/Socialised Universal Healthcare"? If you actually lived in China, you'd know that doesn't exist.
- most people have no health insurance to cover medical expenses
- have a strict control of movement within the country. You can't even freely move outside where your 户口 (Hukou - a Household Registration System) is. And migrant workers are essentially treated as an immigrant, even though they are citizens, they face discrimination.
- most of the welfare programs you see in the western world doesn't exist in PRC
It's just State Capitalism
I hate know people go USA bad and then pivot towards PRC. I'm like, the EU is right there. Norway, Finland, and all these countries are actually implementing some socialist policies. Even though they are still capitalist, its the most socialist and egalitarian the world that exists on a large scale (beyond just a small commune)
I mean, China still have an all men Politiburo. Zero women in positions where it actually matters. China is literally doing the "Anti-Woke"/"Anti-DEI" thing the US is doing.
Of course, Social Democracy is not Socialism. But I'm talking about some of the Policies they implemented that are "Socialist".
Edit: And I don't think the monarchs these days (except for the absolute monarchies) actually do anything. In Constitutional Monarchies, their power is very limited. They mostly just sit around be be celebrities, and hoard up wealth. They don't really have much political power anymore. Its mostly just symbolic.
(Although, I'm not sure why they still keep up the weird traditions, like just ditch it already. Become a Republic!)