It's a pretty short opinion piece but here's the last paragraph that sums up Zizek's thoughts.
The big question that haunts us is of course: can you abolish market freedom without abolishing political freedom? You certainly can abolish political freedom without abolishing market freedom — China proved it. Yet the final result of its rule seems to be to provide a new form of authoritarian capitalism which will replace liberal capitalism. Is China then today the biggest threat to a genuine democratic emancipation? Should China therefore be the enemy of the left?
Again and again: the so-called "freedom" enjoyed in the west vis-a-vis the market is literally destroying the planet. So, while the west doesn't need to emulate China in all respects, because it does not exist in a state of seige and has, through massive exploitation, created a modern infrastructure (which is often now rotting), could theoretically do a socialism should the current system be overthrown. But that is to say that the west, as is anyway, must be destroyed, and be made to assist the global south like China is, as well as abandon it's current world-ending trajectory.