"Under Xi, it seems that the majority of the party elite will continue with an economic model that is dominated by state corporations directed at all levels by the Communist cadres. That is because even the elite realise that if the capitalist road is adopted and the law of value becomes dominant, it will expose the Chinese people to chronic economic instability (booms and slumps), insecurity of employment and income and greater inequalities.

On the other hand, Xi and the party elite are united in opposing socialist democracy as any Marxist would understand it.  They wish to preserve their autocratic rule and the privileges that flow from it.  The people have yet to play a role.  They have fought local battles over the environment, their villages and their jobs and wages.  But they have not fought for more democracy or economic power."

Xi's taking full control of China's future

and an article by the author of The Party: The Secret World of the Chinese Communist Rulers

The Chinese Communist Party has come of age