Doesn't China Have Oligarchs?

According to ang's taxonomy, russia's forms of corruption are inherently more damaging to its overall economy than chinese corruption. But doesn't china have oligarchs too? China also has a small class of super rich people with political connections at the highest levels. You could call them chinese oligarchs as well. What makes china different is that you also have some 20 million private companies spread out across industries. And these are businesses that produce real innovation and market value not simply deriving their profits from monopolizing oil and gas.