I'm not sure that calling communists fascists is letting them off the proverbial hook. Communism is different from capitalism, and it is also incompatible. Fascism and capitalism, on the other hand, are quite compatible, and given the Chinese drive to upgrade their economy, more suited to them.
Communism has directly given rise to the most butchering thugs in all of history. With few exceptions, the great atrocities of the 20th century are their works. Mao and Stalin are sharing the first prize in the 'Mass Murder' category, wherever they're currently burning.
My only point here is that China is evolving from a backwards agrarian communist hybrid into a modern fascist police state. Their goals are the same, their capacity for killing and mayhem are the same, they're just rearranging their economy to be more effecient. This will lead to a China far more formidable and dangerous than it ever was under communism.
Don't mean to nitpick but how do you see fascism (a form of socialism) being compatible with capitalism (free markets)? Unless you are referring US where Gov't regulations are resembling the fascist system more and more.