China and U.S. Tiff

Interesting article on a Chinese report about Western markets, particularly the US:

http://www.forbes.com/2009/03/26/china-dollar-g20-markets-economy-dollar.html

It seems a lot of people are using this opportunity to jump on free markets as the evil doer in all this (unsurprisingly).  I am wondering where the success story of the alternative is?  I suppose China still fancies themselves to be a central-planning powerhouse, but I see an awful lot of their people in abject poverty.   They seem to me a bit like the teenager that's decided they have the world all figured out already.