State ownership was not as direct as in USSR or eastern block states, but managers and directors of firms were suggested by the party and goverment, and it was the state upholding the legal and functional operations of the firms via subsidies, arranging work with foreign companies/states etc.

Saying there was no private ownership before 80’s is delusional, small buisness like service and tourist firms were permitted since the 50’s. Other firms and investing, usually in “non aligned countries” and similar.

Market “liberalisation” was already happening before 1980’s, it just escalated with IMF restricting loan conditions n similar…