In an opinion piece sure to make Jason Soon grind his teeth, one Steven Rattner writes in the New York Times:
Is China’s Version of Capitalism Winning?
It's a curious piece, in which he notes and criticises many of the problems with how China operates, while noting its economic success, and his overall message is something like "just shows you what a unified government (unlike the complete mess of US politics) can achieve."
Perhaps the better question is whether the material success of the Chinese methods are worth the cost to individual liberties. Many in China would no doubt answer yes, given the base they've come off. But there is the matter of how long the country can keep such a system going, both economically and with respect to the many likely detrimental societal effects (like gender imbalance, and family life being sacrificed for making money.)