Actually it is a emerging fascist state.
Is the new wealthy class sufficiently powerful to keep order, or more importantly, stealthy enough not to be noticed by the rest of society? Newly rich people like to be seen, afterall.
And have they acquired enough bones to throw at the angry dogs while they consolidate power? That is - is there a willing middle class of patriotic mercenaries (a loyal police force) whom they can buy-off with jobs and status? Such a class is key to keeping order within the emerging fascist state.
I have read recent report that China has been investing heavily in Military at the same time that the economy is (possibly) starting to fail..
Along with this is the recent attempt to buy UNOCAL, the oil/energy company..
Sounds like the government knows very well what is coming, and are preparing to have a strong military to keep order.
At the same time they are trying to consolidate possession of some oil export/import companies to insure enough oil to keep government/military going..