Whatever China's problems, the lack of a welfare state or a state-run universal health care system aren't among them. In fact, this lack is one of China's strengths - the lack of socialism in a supposedly socialist state means that its economy will continue prospering long after Europe's welfare states are economically moribund. Countries don't crumble due to the lack of a welfare state - they crumble from economic collapse; they crumble from external invasions. On the other hand, if China does implement the socialistic prescriptions coming from Davos, it will definitely stop growing its economy long before it becomes a developed country.
One thing you can count on China doing is ignoring this stupid European advice. That's not completely because the Chinese have figured out that socialism is a bad thing for the national interest, though. It's mainly because self-effacing as they occasionally are in public, the reality is that the average Chinese is self-confident to the point of arrogance. They have embarked upon a given path and nothing will stop them from proceeding along that path.
By the way, the stuff about sexual imbalances is horsepoop. Due to polygamy being legal in China until the 20th century, when it adopted Western mores, most of Chinese history has involved major sexual imbalances. Rich men had many wives, whereas poor single men got to look at women from afar and occasionally patronize a brothel. And yet the Chinese empire has persisted for over two thousand years whereas the empires that existed at China's inception have crumbled to dust. China has not been completely at peace throughout this two millenium period, but it has encountered a heck of a lot more peace than in the mostly monogamous West where sexual imbalances were presumably not a problem.
http://www.cbsnews.com/stories/2004/01/26/60minutes/main595875.shtml
The World's Greatest Fakes
Chinese Copies Are Making Their Way Back To U.S.
IMHO, that title say it all. You would think that China would have been able to come up with something original in the last few centuries to influence and enhance society. No, the greatest art, architecture, engineering, scientific advances, yada, yada, yada, have come from Western society. The industrial revolution (which has enabled everything from flight to the internet) is a product of the West.