What exactly is “Socialism with Chinese characteristics?”

Everything the Party does is de-facto 'Socialism'

BEIJING - Outside observers who believe China to be a full-blown capitalist society are often confused by its government’s “socialist” rhetoric. That’s because China escapes most Western-defined categories, or at least it believes and desires to do so, hence the well-known appendix “with Chinese characteristics.” For simplification, we may as well conclude that everything the Communist Party does is de-facto socialism; and, in reverse, that the Party cannot do “not socialism.” [Read it at Big Think]