China ignores the International Monetary Fund and World Bank policies (such as lending practices and total privatisation).
But Unlike the West, China has made sure to ensure sovereignty, self-determination, and mutual respect and it always has given the other countries liberty to develop in their own ways and to make their own foreign policies.
We cannot deny that, even if China is seen as an undemocratic country, its citizens are able to read and write and most of them enjoy high standard of living and high life expectation.
China has indeed adopted a pragmatic approach. China invested in human resource with the purpose of producing productive and innovative labour force.