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communism as a global movement is dead.
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You are dead wrong. Commumism will only cease to exist as a global movement when the entire political system itself dies. I have yet to learn of a communist dictator who has no interest in expanding his control.
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the collapse of the soviet union was the end of it, and the opening of china's markets is the first step towards a change in that country.
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The collapse of the USSR was due to the destruction or their economy, not the death of their ideology. There are plenty of people still out there who dream of a global red government.
China is making market reforms because they have to, not because they want to (much like Lenin did in the few years after the 1917 Revolution). Despite the new "friendly" face the party puts on in front of the cameras (when they're even alowed around), they want one thing and one thing only--economic and military domination of Asia specifically, and the world in general.