"[..] western democracies turned a blind eye to the infrastructure development and poverty reduction [..]"

In my opinion you are a little too generous here. In many historical cases, and for many countries, a less active involvement of western democracies would mean more development and more poverty reduction. Just think of the interference in internal politics, the support to dictatorial regimens and the imposition of "free trade". Of course, that doesn't mean that the Chinese are going to be better.

This part of the article strike me as specially disconnected of reality:

"Unlike Western lenders, China does not require its partners to meet stringent conditions related to corruption, human rights [..]"

It's specially ironic because, who are the main partners of China if not those Westerns?