"State capitalism" is an economic system where the state plays a dominant role in the economy, often owning and managing enterprises while allowing some degree of private enterprise. In this model, the government not only regulates economic activities but also seeks to promote national interests through involvement in industries deemed strategic, such as energy, transportation, and telecommunications. State capitalism is often seen in countries like China, where the government balances market mechanisms with strong state intervention, aiming for economic growth while maintaining political stability and control over key sectors.