There is an exciting possibility that there is a new paradigm coming out of China... the hybridization of a Single Party State and the Free Market is something never before seen or really contemplated by the West... except, maybe, in Singapore.

We've been conditioned by coldwar propaganda into thinking that "Democracy" == "Free Market Economics" == "Cool Consumer Items", but maybe that's not true...
Democracy is not a significant factor in the free market. Democracy is not about growth, it is not about advancement. Democracy is a braking system, it is about checks and balances, reducing the power of the leadership, and allowing a state to self-correct if a dictator gets control.
Why do we make such a big deal of Democracy? It's not all it's cracked up to be. In every so-called "Democratic" society there are those who are qualified to partake in Democracy, and those who are not. For example, in the US, millions of people who have lived there for decades, who have contributed blood, sweat and tears to the Nation, and who are critical to the success of the Economy, are referred to by the State as "illegal immigrants" ... a convenient technicality for denying these people participation in Democracy. Similarly, Classical Rome and Greece, the birthplaces of Western Democracy, were economies based on slavery: of course, all the People could vote, but slaves and foreigners aren't People, right? Similarly again, the Chinese Communist Party is a democratic organization, in that within it's ranks democracy is used to select the holders of posts and to ratify or dispute decisions within the CCP. Ordinary citizens cannot vote, but they can join the party, and their cadre can participate in the internal Democratic party processes... Is this analagous to US Citizens being allowed to vote for a pre-deteremined congressional candidates offered by the Party, but then being denied the right to participate directly in a congressional debate or vote? 
Rapid and significant societal advancement and growth requires *centralized* power, under the control of a benevolent dictatorship, not two parties competing to drain the surplus before finishing their terms, not two parties destroying the long-term projects of the other as they jostle back and forth, in and out of control.
Since Benevolent, Free Market, Growth-Focussed dictatorship has worked so well in Singapore, is it possible that it will work just as well in China? And that Democracy will turn out to be, to quote Churchill, "... the worst possible way
of governing a country"... 