It's already started, there's no such thing as a static system, and China has been advancing steadily along the socialist road already. Once imperialism falls, China's strategic place within the global markets will change character and will accelerate socialization of production and distribution. China doesn't have private property for the sake of it, but as a strategic concession to both help develop underdeveloped sectors of its economy, and to become something the west relies on and therefore cannot risk attacking.