No, not really the same at all. When the companies have all the political power, they do what's best for their shareholders - their bottom line. Whatever helps them acquire more profit and revenue. Here, it's all about the money.
When the government controls the companies (As it is in China), the government does what's best for the people in power (the government). And that usually means doing whatever helps them hold onto or increase their power by way of strict authoritarian rules & laws, censorship and all the indirectly related things that go along with it.
Their goal is to keep the population under control because that means they get to stay in power. China's biggest fear is a revolution or an uprising which is why they're so strict when it comes to public demonstrations, censoring things like Tienanmen square, and cracking brutally hard on rights activists and the leaders of these "change-bringers" (Source: http://world.time.com/2011/02/26/chinas-fear-of-a-jasmine-re...). The last and absolute worst thing that could happen to China is a revolution. They will commit atrocities like you can't even begin to imagine to keep that from happening.
In the west, you don't have to worry about that. Why? Because it's bad for business. Not good for profits and not good for revenue. The best environment for capitalism and for businesses to make the most amount of money is one of peace (Source: http://www.theguardian.com/politics/2003/jan/22/iraq.economy)