Given the seeming economic success of this model would it be sensible for other countries to adopt it?

No. The gains from not being stupid about economics and not engaging in centralized planning and actually industrializing are so enormous that they compensate for even wretched leadership. Soviet Russia industrialized and grew for a long time despite having awful and wasteful leadership, and the same thing is happening to China.

The question is, can they, with their wretchedly corrupt non-democracy, reach similar per capitas as Japan and America? Or will they remain in a middle-income trap? If the former, then their government could indeed be considered something other countries might adopt; but if the latter, they will merely have demonstrated what all acknowledge: the Industrial Revolution is pretty damn awesome.