It absolutely has, at least as far as introducing new contradictions, but so far this has proven to be manageable. There are more liberals now, but at the same time they have stayed the course and maintained socialism.

It’s a calculated risk which so far China seems to have managed okay. Previously:

China Has Billionaires, but they are not oligarchs. They have very little political power. Just look at the number of rich people who’ve received the death sentence with reprieve, or the property developers who were left to flail and go bankrupt, or the sorry state of Jack Ma when he tried to exercise political influence.