Cohabitation, new stage of globalization
The other major problem for China to handle in coming years is to keep a balanced relationship with the world. This can be a long topic but I think 2 most important issues are:
1, military is a red line,
Some young neo-nationalism people some times get carried away with China's rising,
and start to thinking of elusive dreams like "dominance".
To me that's an very ill-informed opinion. After WW 2, almost any country
who went into a war has been burned badly. No one has come away as a winner in a modern war.
2, play nice, not play mean, win-win,
China now has a very mighty industry production machine. Due to super economy size, nearly most update to date technology, and by far cheaper cost, "made in China" will remain ultra competitive. It's temping to think "we beat everybody".
However, it's almost predictable that other nations won't just sit there and let its own people be squeezed out of market, particularly when sometimes, the differential point is not about technology but about the expense on its citizenship well being. In history China has been on the receiving side of industrial product over-flooding. Now those other nations will naturally have to adjust. One of the latest examples is that Russian just passed the law to exclude foreigner in retail business.
Of course, businessmen can't care more than their own competitiv edge. But it would be a test to gov't wisdom in directing and controlling the marco industry capacity layout.