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Perhaps that old saying "Could sell ice to the Eskimos" has been usurped. Which is probably a good thing.

Has the definition of formerly changed? :)

No. While the PRC is still nominally communist, for the most part now they just look state capitalist. It's hard to find much that's socialist/communist in their economy these days.

I mean, the ostensibly Communist country now has a higher Gini coefficient than us too [0], so the joke goes both ways.

[0]: https://www.cia.gov/library/publications/the-world-factbook/...