Absolutely. Quite the contrary, BTW. China proves capitalism works a lot better when there is no democracy to hold it back.
And that is terrifying, because others, in a lot of places, are getting that very same idea.
The National Socialist German Workers Party wasn't always as unpopular as it is today, many thought they were doing a great job lifting Germans out of poverty who had experienced the devastation of the 1922-1924 inflation.
As an aside you may find the book "How Asia Works" illuminating. All the credit to China's relative success ought not be attributed exclusively to fascism, but many of the things that worked are sort of hybrid attempts at adapting to the global capitalist society with some land reforms (seizures) and protectionist measures mixed in.
There is a highly prized ad for a Brazilian newspaper pretty much about that: https://www.youtube.com/watch?v=PShbxd42JN8