If you have competent and well-trained bureaucrats or well-educated technical professionals who are dedicated to public interest, this kind of government is better than democratic government in the short term. But there are no institutional rules limiting the power of a bad emperor. The last bad emperor commonly acknowledged as such was Mao Zedong. Such an individual can do far more damage to the society than a constitutionally and democratically constrained democratic leader.
The top decision-making body in the Chinese Communist Party, the politburo standing committee, is set to see an infusion of new blood. The process is shrouded in mystery, a frustrating state of affairs for investors and other observers because the direction of change in China will be underpinned by the result.