All well and good, and one can be hopeful. But right now China is still, in essence, a fascist state.
It's also a potentially unstable one because of its demographics. Shortage of females, for one thing, and aging population.
By the way, drewtam, I said Obama loves Mao (and by implication Marx). I said nothing about socialism. Socialism is too benign a word to use for nations that engaged in mass slaughter for the sake of "humanity."