If you’re Luo Wen, you’re in favor of state regulations of the capitalist market; you are not pursuing communist policies.
It’s not enough to maintain domestic control of the capital - this is a feature of any protectionist regime, even a fascist one. You should also make sure this capital is entirely democratically controlled and owned by the workers - which is not what happens in China. The capital of Chinese businesses is not the “property of workers”.