WI China fallows Russian reforms model?

WI along with adopting capitalism China dropped the communist single party system of government? How does that change the economic and political situation of late XX and early XXI century? Is such a thing even remotely plausible or is the communist’s grip on power just too tight? What kind of a POD would be sufficient?
More or less an educational topic for me, as I know next to nothing about modern history of China.
 

King Thomas

Banned
Best case-they end up a little like Japan with a good ecomony and democracy.

Worst case-they end up like Russia in the early 1990's. Crime rises dramaticly and there is unrest.
 
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