Demand - the rest of the wealthy world is in or near recession. Populations are facing inflationary pressures basically the equivalent of being poorer. Demand for Chinese goods may well have peaked - the very success of the Chinese manufacturing economy contains the seeds of its own destruction. It cannot be guaranteed that other countries and economic realms will be able to take up the slack. Simply put, we may have reached peak wealth - due to two major factors, the Club of Rome limits to growth and second human overpopulation.
Environment - China's demands on its own environment are unsustainable too. Water, energy, raw materials, even people (fast ageing population - one child policy etc) Global warming and weather events threaten severe interruptions.
Political instability. The Chinese communist party has been very successful in their socialist/capitalist model, but its a hugely monolithic political structure, almost certainly as corrupt as any other country and highly vulnerable to social upheaval and challenge. It may resist this but an unruly population of one and half billion is a lot to cope with. .
Anyway, those are my thoughts before folk assume that China's future trajectory is going to follow a straight line from its recent progress. There are no guarantees in history.
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