No, "they" are not "turbo-capitalists." "They" are criminals. Or were, in any case. At least some of the executives responsible for that incident were executed.
There most certainly is a difference. Have you been to China? These "turbo-capitalists" are all Communist Party connected scumbags that literally would rather see people die and make a yaun than worry about safety.
Parts of China is pure filth. There is no quality control until bad PR surfaces. Then it's all about saving face.