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Yes, China's problem is just starting. Current China has to go through radical overhaul now that U.S. consumption engine went dead.

All nasty problems papered over by booming economy will come out in earnest and it will be quite ugly. Chinese elite has succumbed to the illusion that they figured out this capitalist thing. Any country with rapid economic growth from the dirt poor condition tends to have such an illusion. However, it is especially so for China. (1)Their perception that they were master of the universe in the past history which they think would assure such an exceptional success and (2) non-stop fawning press coverage from globalist elites in the West made them easily fall into this trap.

Up to now, they are ecstatic over how far things have gotten better. Now they will find out how little things have improved in many aspects. The realization would be sobering to them.

(1)Their perception that they were master of the universe in the past history which they think would assure such an exceptional success and

Wow.. I forgot about that Ming Dynasty, ancient 5,000 year old civilization ego trip.
Chinese think they are master race
Muslims think they are "the best of people"
Jews are chosen
Wall Street is masters of the universe
It's getting pretty crowded up there!

(2) non-stop fawning press coverage from globalist elites in the West made them easily fall into this trap.

It can go to your head just like our 0bamy (African master of universe) and his Democrats get a free ride

I forgot the present ChiCom view themselves as natural successors to the grand heritage of the "Middle Kingdom" This is what the Chinese feel superior about and its continuity. Am I wrong? _________________ WIKI Zhōngguó the Middle Kingdom China is known as 'Zhōngguó' in Mandarin and pinyin (中國 in traditional chinese or 中国 in simplified chinese). The character zhōng means "middle" or central; the letter, guó, means land, kingdom or country. An appropriate English translation would be "middle kingdom". The name "Zhōngguó" first appeared in the Classic of History (6th century BCE), and was used to refer to the late Zhou Dynasty, as they believed that they were the "center of civilization",[3] while peoples in the four cardinals were called Eastern Yi, Southern Man, Western Rong and Northern Di respectively. Some texts imply that "Zhōngguó" was originally meant to refer to the capital of the sovereign, to differ from the capital of his vassals.[4] The use of "Zhōngguó" implied a claim of political legitimacy, and "Zhōngguó" was often used by states who saw themselves as the sole legitimate successor to previous Chinese dynasties; for example, in the era of the Southern Song Dynasty, both the Jin Dynasty and the Southern Song state claimed to be "Zhōngguó".[5] "Zhōngguó" came to official use as an abbreviation for the Republic of China (Zhonghua Minguo) after the government's establishment in 1912. Since the People's Republic of China, established in 1949, now controls the great majority of the area encompassed within the traditional concept of "China", the People's Republic is the political unit most commonly identified with the abbreviated name "Zhōngguó".[6]