He = Bloomberg, She = Ms Hoover.
I would add Chinese Legalism to what they are lacking of, in addition to Confucianism.
Bloomberg observed some phenomena, but failed to come up with a theory to explain it. Ms Hoover, boxed with liberal democracy's philosophy in her challenge to Bloomberg:, is in a binary thinking mode, i.e.it's either dictatorship or democracy.
China's communism today is just in name only. The political system under Mao is truly communism. That's a period when everything belonged to public, there were no such things of private sector. China today is a mix of state capitalism + Confucianism + Legalism, a form of authoritarian government. Xi is not dictator. He can only stay in power for 2 term (2x5 =10 years) unless the constitution is changed, as his predecessors, president Hu (2002 -2012) and president Jiang.