Precisely. Among massive corruption, a decadent ruling elite, and some less than ideal foreign politics, if I remember correctly.

Just because one thing is bad, it doesn't mean that the other extreme is good. Maoism had massive flaws, but it transformed a practically medieval country ruled by warlords into a single, somewhat industrialised nation. The reforms by Deng and others, including Xi, turned it into a country with a half-decent standard of living and competitive economy. But they introduced other problems, such as massive wealth inequality and environmental issues.