The model of China's development has attracted worldwide and indeed China has undergone great transformation in the reform era. This article evaluates China's model of development especially the main defining component, i.e., China's model of governance. It suggests that China's model of development is marked by an imbalance between fast opening of the economy and the society and sluggish opening of the political system. The Chinese society has become much more open, reflected in the Chinese growing awareness of their legal rights. The Chinese economy has become highly internationalized and open. But much of Chinese politics is closed. China's governance, a major component of China's model of development, can be regarded as pro-growth authoritarianism. The Chinese state is effective in opening up the economy, promoting reform, and generating economic growth. Nevertheless, the Chinese state offers weak protection of people's rights and ineffectual mitigation of social grievances. These imbalances help produce social protests. A viable solution requires faster opening of the political process and greater respects for interests of the society and its members.