Although the rhetoric is completely different, today's China could be seen as a state that embodies many of the goals Mussolini had for Italy.

I think it's obvious he's talking about China as a country that has a capitalistic economic infrastructure with a communist social ideology & political structure.

Isn't the core part of communist social ideology that the government should constitute the political rule of the proletariat? I'm having trouble finding aspects of China's social policy that looks particularly communist. Their policy in the social realm is something like: try to minimize social upheavals, and keep huge and growing inequality from causing open rebellions. When useful, distract the population with nationalist red meat. All that seems like pretty normal fare for an authoritarian capitalist country.