China's communists 'more market-orientated' than Labour, says George Osborne The praise from the Chancellor, who is on a trade trip to China, comes after he criticised the Labour leader's attempts to bring back socialism. In recent weeks Mr Miliband has unveiled plans to cap energy bills for two years if the party wins the next general election. In an interview with the BBC's Newsnight programme, broadcast last night, Mr Osborne said China's leaders were "a lot more market orientated this lot than the British Labour Party are at the moment." He went onto praise Huawei, China's telecommunications company which has been expanding in the UK. He said that China and Britain "are the two countries who stand up most for free trade when these things are talked about around the table. So you know we have a huge shared interest, there is a very complex story of the Chinese Communist Party and how it came to run a very capitalist system but we have to engage with this country because it's a fifth of the world's population. Mr Miliband told last month's Labour conference: "If we win the election in 2015 the next Labour government will freeze gas and electricity prices until the start of 2017. Your bills will not rise. It will benefit millions of families and millions of businesses. The remarks prompted one company threatened to leave the UK and some Conservatives accused Mr Miliband of Seventies-style socialism. Speculation is growing that the Tories want to react to the pledge by funding some green levies through tax rather than passing the cost on to households through bills.