Was Maoist China a Stalinist-capitalist country?

"But it is important to remember that “land to the peasants” and the expropriation of the pre-capitalist landholders are the bourgeois revolution, as they have been since the French Revolution of 1789. The regime for this reason was genuinely popular and many overseas Chinese who were not Communists returned to help rebuild the country. Some “progressive capitalists” were retained to continue running their factories. After the chaos of the previous 30 years, this stabilization was a breath of fresh air. The People's Liberation Army also intervened in the Korean War to help Kim il-sung fight the United States and the United Nations forces. But it is also important not to lose sight of the fact that the Korean War was part of a war between the two Cold War blocs, and that what Kim implemented in North Korea after 1953 was another Stalinist “bourgeois revolution with red flags” based on land to the peasants. (North Korea went on to become the first proletarian hereditary monarchy, now in its third incarnation.)"

from Loren Goldner's "bare-bones history" of Maoism.

Source:
http://libcom.org/history/notes-towards-critique-maoism