Is China the Ultimate Capitalist Country?

Is China an imperial empire? Or perhaps just the best model of capitalism to date. A recent Newsweek article discussing China as a country with significant excess supply looking for markets to receive their exports focused on this issue(http://www.newsweek.com/id/186971).

Recall that Marx proffered the idea that capitalists would always try to pursue profits through overproduction through efficient production, pushing other producers out of the market, and gaining as much rent as possible from the production of goods by maintaining low labor and input costs. Eventually, the domestic market runs out of buyers. Thus, new markets (or goods) need to be found. Marx said, “the tendency to create the world market is directly given in the concept of capital itself. Every limit appears as a barrier to be overcome.” Exports appear in the world economy to be the best avenue for relieving domestic pressure from overproduction.

Is China pursuing a similar policy today as it continues to overproduce and export its goods to markets in Africa and Latin America, where cheap import-hungry citizens long for lower-priced consumer goods? Is China, in a sense, becoming the ultimate example of capitalist development?

KJF