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He's wrong while also being right.
The bold is no longer true. The rest of the quote is spot on tho.
China to surpass US as world's biggest consumer market this year -
Nikkei Asian Review
JAPAN Forward › chinese-communist-party-influence-operations-are-...
Chinese Communist Party Influence Operations are ...
Aug 31, 2019 - While the party-driven ideologies of the state shifted over time from communism to pseudo-capitalism, the nexus of this political ideology has ...
Since its creation in 1921, the Chinese Communist Party (CCP) has made it its primary objective to seize and maintain political power. It has successfully maintained and even asserted greater control over the political, legal, economic, and military instruments of power in the Chinese state.
While the party-driven ideologies of the state shifted over time from communism to pseudo-capitalism, the nexus of this political ideology has always been and remain the unquestionable primacy of the party’s authoritarian rule at home and, increasingly, abroad.
As the People’s Republic of China (PRC) rises on the international stage, the CCP is also being exposed to increasing challenges to its authority and political risks both at home and from overseas.
As a consequence of the latter, the strict ideological controls that the CCP exerted internally within China have extended outward. This has taken the form of subtle and sophisticated influence operations via the United Front and political warfare activities that aim to protect and promote its governance system externally, and ultimately serve the self-preserving ideology of the CCP-state.
And as China’s economic clout has grown with its integration into the global economy, the CCP’s authoritarian-capitalistic system is increasingly coming into conflict with democratic-capitalistic systems in the 21st century.