BBC News: China rules out West’s democracy
BBC News: How China is ruled (excellent background information)
Currently one of the most important political meetings takes place in Peking: the Communist Party’s 17th congress. Here China’s future is discussed and decided by over 2000 delegates from all corners of the red empire. The goal is to build a ‘Building Harmonious Society‘ - whatever that means.
At the moment the workers state is a workers nightmare: no union protection, hardly any enforced labor laws, rampant capitalism, no working health insurance or pension systems. All blown away by the capitalist revolution of the last 30 years.

Nice national harmonious firewall comrade.
President Hu made the usual nice speech - but basically all stays the same: the communist party has a total stranglehold on power, the military enforces their rule, the new oligarchs bring in the money and China plays nice with all countries who own any kind of resources for the future.
And yes, dissenting voice and any form of opposition is still brutally suppressed. Escpecially for the Olympic Games - any form of protest would disturb the fairy tale the Chinese leaders live in.
More? Propaganda 1 and Propaganda 2