Did you see the stats for the growth of their middle class over the past 15 years or so?
I'm not disputing that the country is ardently capitalist and has tightly guarded elite circles. But for most people in there, that's not where they are aiming for. What they want is basically just comfortable living, and their standard for it is getting pretty close to what the West enjoys. And with every new generation, there are millions more actually enjoying it - even though there's still hundreds of millions locked out. But for now, the trend is good.