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China had a per capita income GDP 1/3rd of Haiti in 1960. Haiti chose capitalism, China chose communism. In 2016 Haiti had a per capita income GDP 1/7th of China.List of regions by past GDP (PPP) per capita - WikipediaMillions of Chinese peasants disagree.Because America has a strong welfare state, and good education. Africa, India, Latin America don't have good education, or a strong welfare state. So they suffer because of the lack of socialism.
China adopted a capitalist model decades ago, or hadn't you heard?
It also helps to have a billion people to develop your markets.