Its a Communist State... If by Facist you mean the rich oligarchy runs things and the rich/powerful have more rights than the rest of the chinese population. Its run by a dictator for life... oh sorry president for life....
The communist state in Russia fell to the oligarchs, after the Berlin wall fell and communism collapsed because the states starved it of food and out spent it in military buildup. China is doing the same to the US now, only the technological gap keeps the US ahead. That is closing. China if allowed access to 5G communication in the west would be able to spy on the technological gap and close it. China will have a bigger GNP than the US in the near future and has the capability to expand further. This is what the US is worried about. The other big country to watch is India....
The Chinese government works on the idea of keeping itself in power, through show of power and crushing any rebellion. It does not want to lose control of its power. Stalin killed millions. The Chinese will kill tens of millions and silence them and their relatives/friends.
Hong Kong will declare its independence from China. The younger generation in HK sees the writting on the wall and are now rebelling. You see China needs HK for access to the western world.
You see in the 1990's alot of Asian mutual funds went belly up that were based in HK. All that money went somewhere....