Earlier quoted context omitted.
I hear this argument a lot, but: 1: If so many people are ok with it, then why not take a vote? If they are ok with it, they will vote for the current government. If they are not ok, then this argument is false and the current government should be voted out of office. Either way, a vote is good for China. 2: If the citizens are ok with it, then why does the government have to censor criticism and non-government ideas…
Trade, not democracy, brings prosperity.
Name a '1st world' nation that isn't democratic. But plenty of poorer nations trade.
One theory is that democracy provides greater political stability and the rule of law, and those are essential to prosperity. People are not willing to risk their life savings on a business when the government or some other powerful figure can just take it away, or if political instability will undermine their economic opportunities.