No, this is not how you think.

Xi puts the blame for his misfortunes on "wrong kind of dilettante communists," and being wronged, not that CR was wrong, it's just some poor pissants perpetrating it were wrong for taking on grand "true communist" personas who his family were.

So, the only wrong thing about it he sees is that the he wasn't at the helm back then, and not acknowledged as being worthy to join the purgers.