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What are you currently reading?
(lemmygrad.ml)
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That's funny... in both the book and at the end of "Friendly Feudalism", his essay on Tibet, Parenti bashed China for being a hair too capitalist-roaded for his liking.
Yeah he said China was "sliding" down the path of free market reform but the book was written in the late 90s so there's a bit of outdated information there.
Nearly all western leftists coming up in the 70s and 80s got it wrong on China, or didn't understand the strategy, probably because there was a dearth of translated materials. Parenti and Sakai for example.