Just to chip in
One answer:
China is also a communist country... these coal plants are being produced as a result of policy (from 2010 - government directives to government owned), not private demand.
"China does not fund stimulus with on-budget spending, but by directing state-owned enterprises and commercial banks to spend more. In these circumstances, lack of controls on capacity additions runs a high risk of over-investment."
https://www.carbonbrief.org/analysis-will-china-build-hundreds-of-new-coal-plants-in-the-2020s
Just to chip in :POne answer:China is also a communist...
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