Completely false. The economy of the People's Republic of China is not a planned economy - the vast majority of its economy is under the control of private corporations, and is not subject to government planning. Capitalism is not "locked in a cage" in China, for Capitalism is locking China in a cage, via constant labour abuses, extremely poor working conditions, plutocratic rule, ect. Furthermore, the "Communist" Party of China has no plans to recreate a planned economy, nor Socialism. In short, China is undergoing an NEP (state-capitalism) without end.