Yes, I think it will. It will also be 'interesting' to see how a democratic China acts in the world.
It has a very nationalist middle class, so probably at least as aggressive and selfish as now at first, but it will likely moderate more in the long run as the political culture matures in China.
"Will" rather than "would"? Do you actually see China transitioning to democracy any time soon? I'm certainly in the camp that says that China could "handle" democracy as well as anyone, and that there's nothing particular about the culture that stands in the way, but how exactly would the current regime be deposed?