China's social/political system is heavily authoritarian, but economically, in practice, it's quite laissez faire. The problem is when anything reaches scale in China the vultures in local government come in and try to get protection money.

They have been doing a lot recently to reduce this corruption and apparently have made good process. I don't doubt that social/political liberties will not improve in China but it's possible the business environment could further improve. Especially with the next president.

The only problem is the government created a very unstable economy with their massive spending projects after the financial crisis. And a lot of the wealthy people are rushing to get their money out instead of reinvesting it there and they are still very unfriendly to foreign capital (both human and financial).

When an authoritarian system does well, it won't become less authoritarian.