China didn't adapt it o "sinomarxistic ideals", whatever that is. Deng Xiaoping understood the failure of marxism, in almost all ways, so started ripping the band-aid.

But he also wasn't interested in major political change.

So we've got something that I'm surprised Europeans don't recognize; state-backed champions and heavy government intervention in various markets, and almost total free markets in sectors that the government doesn't really care about. But at no point can any one company or industry even attempt to undermine the central authority, because Deng wanted to get China out of the economic gutter, not lose power.