Correct...that is why it was subtitled 'The First Avenger'; so it could be marketed in China and other communist countries.
It was subtitle The First Avenger to tag into the Avengers movie reminding viewers it was the penultimate movie in Phase One of the great MCU plan. Which was a pretty bold plan the likes of which hadn’t happened in cinema before. There was never any real controversy in Marvel Studios about the name, they’ve got the sales figures they knew Captain America was a globally popular character.