Disagree, I think the party needs to step in to make sure private capitalists pay their workers fair wages. Inequality in China needs to be reduced. What's the use of a Communist party without at least some socialist measures?
If things go badly. But if things go badly, then everyone is terrible and every move is a blunder. When it is implemented properly, it prevents companies from being consumed by their greed and being seduced into unethical practices at the cost of national direction and benefit.
I just think China doesn't have time to worry about these things right now, GDP too low to start interfering with the market machine.