Despite some bigger problems that China is facing with, such as regional disparities, an aging population, declining heavy-industrial sectors, property bubbles, growth in debt levels, and continuing environmental pollution—China remains slightly ahead of track of its goal to double GDP between 2010 and 2020 and to realize its self-declared ambition to become a “moderately prosperous” country.

Net exports still represents the largest uncertainty in realizing economic growth, remaining subject to the future actions of the US. Without this effect, McKinsey&Company predicts that we can expect a year of very positive developments in many sectors in China, framed by an environment of tighter and more centralized regulation and control.

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