This is a tired and old statement quoted many times for those critical of free market reforms in China. It was stated by Lenin a long time ago and has nothing to do with China today.
Only through capitalism, can China raise her standard of living. The US and the West has won the ideological battle. So, it's time to let countries like China prosper as a result.
What is happening with China today reminds me of a documentary I saw about Japan back in 1990 or so (before their decade long recession). It went into detail about Japans post war prosperity. And some discussion about American animosity towards it. At the end of the program, an American business man in Japan said "When we defeated Japan, there were three things we wanted from them, to give up military pursuits, be peace at the world, and to devote their energy to economic pursuits. We got all three and now we're unhappy". He chuckled a little at the end of the quote.
But I see the same thing happening with China. The US and her allies has won the idealogical war. And now, there is an uneasiness about China pursuing the same thing the West is. China is developing increased economic cooperation from countries in Latin America, the Middle East, Africa and the Pacific Rim. The exact same thing America is doing. Something that is a result of China abandoning Marxism and embracing capitalism.
Democracy is coming to China for sure. But when it arrives, suspicion and animosity from the US towards China will still be present..... well, at least from today's generation.