https://www.reuters.com/article/china-regulation-xi-analysis/analysis-unleashing-reforms-xi-returns-to-chinas-socialist-roots-idUSKBN2G50FU

When Xi Jinping took command of the Communist Party in late 2012 and proclaimed "only socialism can save China", it was largely ignored as the perfunctory mention of an antiquated slogan - not to be taken literally in a modern-day, market-powered economy.