There are rich people in China, millionaires and Billionaires. I'm guessing the images of the 1960s propaganda campaign against the commies is flashing in your head as what to expect from a communist state. images of bread lines and dark dank factories endlessly producing weapons and furniture.

Like I was saying before a planned economy is authoritarianism, it's neither capitalism or communism. US and European propaganda paints a picture of communism that isn't accurate at all and describes their own plans right now more accurately than their enemies.