Obviously, no: the headline is significant; east asian governments are subject to policy change and reform even within a single party rule; and this is a canard. There is a difference between indefinite rule by an abstract "party" and indefinite rule by an actual person. And China is crossing that gap.

The point is, no matter how great Hu is as an individual the danger is that granting him perpetual unquestioned power creates a precedent for a future monster to gain a similar lock on power. In a democracy, the voters can depose a monster peacefully. In the cureent Chinese system a monster would only get 2 terms. So the question is, are you prepared to accept Hu getting power to life, at the risk of a future person to get it being a Mugabe, or Gaddafi, or Amin?

In a system with very few constraints on absolute power, is it really prudent in the long term to remove all of the remaining ones? Finally, how much can you trust the judgement of someone willing to impose that risk on his country for his own benefit?

The problem with the CCP is that there is no real feedback loop. Their support is very fragile, and it would just take one recession to break it (they have no "lets throw the turkey's out" pressure valve).