Is China more capitalist than the United States?

From American Thinker

"Why is GM, a capitalist firm, so successful in Communist China and a failure in Capitalist USA? Apparently, the Chinese learned from the economic failures of socialism while the US Congress learned nothing and actively intervenes in the decision-making of American capitalist firms, imposing environmental restrictions few of which would pass the economic test that benefits should be equal to or greater than cost. It subsidizes energy-saving activities like insulating buildings, buying energy-saving autos and even light bulbs, none of which would survive the light of day as producers of net benefits. It orders banks to make bad loans, e.g., the Community Reinvestment Act. Through the EPA, it regulates factory emissions. It proposes a socialist solution to health care. It has declared its policy to replace fossil fuels with renewable alternative fuels. It pays a large portion of the costs of wind turbines and solar panels."

(snip)

"We have urged China to join us in our quixotic attempt to prevent global warming. She has refused, arguing that her per capita consumption of energy is the lowest of any industrial country. Except for the leftist economists, economics tells us that we should let the prices of different energy sources determine when a new source is ready for development. No subsidy would be required if we let the market make the decision. Totalitarian China accepts this approach; free market U.S. takes the Soviet prescription."

(snip)

"Then, to top it off, we invite foreign governments to socialize our economic system in order to serve their purposes. We let the Chinese government fix the price at which the dollar is exchanged for the yuan at a rate that allows their producers to steal market share from ours. And we give foreign governments a tax break (no tax on interest or dividends earned) when they buy ownership in American businesses and thus turn our businesses into socialist enterprises serving foreign governments.

China learned the lessons of socialism's failure in Russia and is prospering. Congress did not."