This doesn't really make sense, the Chinese standard of living has risen to very comfortable levels over the past couple decades. There aren't throngs of desperately poor Chinese people longing for the capitalist democratic paradise over in Taiwan.

If anything, China's rising wealth and living standard is a threat to the United States' sense of superiority. I don't see the US saying "Screw it, let's try totalitarianism" if it wasn't falling behind.