The opulence of the Beijing Olympics highlighted just how far China has come since opening its economy 30 years ago—it soon will be the world’s third largest. But with the success comes a plethora of challenges, reports the Wall Street Journal. And chief among them is how to maintain the phenomenal growth.
But with a changing population, China won’t be able to rely on the same old policies to maintain its gains. And the country is important to the world’s economy. Wrote Treasury Secretary Henry Paulson: "Serious troubles in China's economy could threaten the stability of the US and global economies."