That's kind of the point of the article: it's all capitalism. (Despite the rule of the Chinese Communist Party, it's run under "capitalism with Chinese characteristics".)

Capitalism is the reason we have climate change: the environment is an externality that isn't priced in, and so it's treated as zero cost. Anybody who tries to incorporate that cost single-handledly will be at an economic disadvantage to somebody who doesn't, and capitalism will destroy the former and reward the latter.

That doesn't prescribe the solution, which is going to be a complex balance of millions of factors (both current and historical). Large, poor countries will have to play their parts, too.

But the lesson here is to identify what got us into this situation so that we can hope to find a way out. The free market caused it, and maybe it can be part of the solution -- but not unless there is also a non-free-market portion in which we all agree to stop treating the atmosphere as an infinite carbon sink.

It's only at that point that the real search for solutions can begin. But it's never going to happen while one country -- one of the largest carbon emitters both per-capita and collectively -- is unable to act because of enormous political influence from people who insist that it's a hoax.