Larry, how can they show that credibility if their successes are on the sufferance of democracies? Wouldn't that contradict itself, or do you believe the chinese model would have existed without opening its markets on the behest of Nixon?
They build a vibrant modern consumer economy to rival the western ones, and they manage to do so without having to grant western-style civil and political rights, or proper democratic representation.
I'm not saying they have done so. I'm simply stating they are trying. And the experiment is being intently looked at by anti-democrats.
For now they depend on exports. The next stage is to switch to economic growth based on domestic market demand, like the US for most of the 20th c.
IF they succeed, the implications are huge. (We can get rich and powerful doing it the Chinese way, and all the political crap about rights and freedoms we can tell the westerners - patronising pigs that they are - to stuff.)
The only other somewhat similar political experiement I can think of is the Iranian Islamist republic. Except China, if successful at this, would be at least 20 times the size of Iran, and likely offer 20 times the challenge.