Yesterday I was wondering if is there anything left of communism in China or it's only a word in the name of their only party, left there for historical reasons. State subsidies don't matter because every capitalistic country has them.

China seems to execute their growth strategy pretty well, with some occasional slowdowns. This is another instance of that strategy, but any other country could do the same. Maybe having only one party helps, but in many other cases those parties seem to care only about keeping their power. China's party has that too, still they are forward looking.