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Xi is just doing a Republic with Capitalism and leadership that is never voted out.
That is National Socialism. Where the government controls, but does not own industry. Germany modeled this in 1930s.
Human Rights Watch has a great article about this. It reads straight out of 1984 or Brazil. Unlike the US which has chosen the Brave New World Route.
A snippet for your interest
**Since late 2016, the Chinese government has subjected the 13 million ethnic Uyghurs and other Turkic Muslims in Xinjiang to mass arbitrary detention, forced political indoctrination, restrictions on movement, and religious oppression. Credible estimates indicate that under this heightened repression, up to one million people are being held in “political education” camps. The government’s “Strike Hard Campaign against Violent Terrorism” (Strike Hard Campaign, 严厉打击暴力恐怖活动专项行动) has turned Xinjiang into one of China’s major centers for using innovative technologies for social control.**
https://www.hrw.org/report/2019/05/01/chinas-algorithms-repression/reverse-engineering-xinjiang-police-mass-surveillance