Not necessary, economic freedom should be number 1. If you cannot feed yourself why bother freedom of speech and press freedom. Also China would be risking unwelcome foreign influence/subversion. That is why Russia clamping down on the internet. In Malaysia it is really scary, you don't know when they are going to use the hate card. Hate/anger are powerful tool that can be easily exploited.
Technological progress will greatly improve rule of law. More surveillance(yes, more of NSA which also monitors corruption), more automation, better prediction and efficiency. This will reduce the human factor. Also there must have a "system overwrite" just in case of shit happens.
There cannot be genuine democracy either, you have representative that got elected because he is charismatic and probably has no idea how to manage. Democracy in a sense is only represented by a few hundred person.
Why would the chinese would like democracy, when the west are starting to having second thoughts about it?
One in three Germans say capitalism to blame for poverty, hunger| Reuters
(Reuters) - Nearly a third of Germans believe that capitalism is the cause of poverty and hunger and a majority think true democracy is not possible under that economic system, according to a survey published on Tuesday by the Emnid polling institute for Berlin's Free University.The survey found that more than 60 percent of Germans believe there is no genuine democracy in their country because industry has too much political influence and that the voice of the voters plays only a subordinate role.