Sure, nobody can deny the Chinese Miracle. What’s important is recognizing why it works correctly, they call it Socialism with Chinese Characteristics. It’s dominated by public ownership of large firms and key industries, and has private ownership and cooperative for smaller and medium firms that are heavily guided by state planning. It goes against liberalism, because it’s based on Marxism-Leninism.

Here’s a study guide for Socialism with Chinese Characteristics, and here’s a shorter article on Socialism with Chinese Characteristics.