China Faces Rocky Road in Keeping Up Growth

The gains of the past 30 years will be hard to maintain as workers age

By Jim O'Neill, Newser User

Posted Aug 25, 2008 10:32 AM CDT

(Newser) – 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."

A worker operates a machine to make socks at Langsha Socks Group production plant in Yiwu, China. From clothing exports to auto sales, China's booming economy is weakening. (AP Photo/Eugene Hoshiko, File)

A customer fills up at a Sinopec gas station Monday, Aug. 25, in Shanghai, China. (AP Photo)

Backdropped by cooling towers of a power plant, a man carries bricks in Xiahuayuan county, north China's Hebei province. (AP Photo/Oded Balilty, File)

A gardener waters the grass near the Bird Nest's National Stadium a day after the closing ceremony for the Beijing Olympics on Monday, (AP Photo/Ng Han Guan)

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China Faces Rocky Road in Keeping Up Growth

The gains of the past 30 years will be hard to maintain as workers age

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Foxconn Workers Vowed to Jump Off Roof in Protest

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China: Feeble Dollar Is Hurting Our Economy

'Out of control' printing of dollars is triggering inflation, says minister

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Bill passes with big majority, but Senate prospects unclear

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Prez says he'll take action to protect US interests if yuan isn't revalued

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China Faces Rocky Road in Keeping Up Growth

The gains of the past 30 years will be hard to maintain as workers age

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OTHER STORIES ON OUR RADAR

China • Henry Paulson • 2008 Beijing Olympics • global economy • Chinese economy • boom economy

MOST POPULAR STORIES

[ By Views ]

[ By Comments ]

More Newser Stories

Foxconn Workers Vowed to Jump Off Roof in Protest

Chinese employees take action against assembly line conditions

Fed Fires Back at China, Germany

Soaring unemployment an 'unacceptable outcome,' says Ben Bernanke

China: Feeble Dollar Is Hurting Our Economy

'Out of control' printing of dollars is triggering inflation, says minister

House Votes to Sanction China Over Currency

Bill passes with big majority, but Senate prospects unclear

Obama Pressures China on Currency

Prez says he'll take action to protect US interests if yuan isn't revalued

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Newser By Users

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