The demographic issue is the big one. But there are several others that show up in serious financial circles. Particularly the domestic fiscal policy around de

The demographic issue is the big one. But there are several others that show up in serious financial circles. Particularly the domestic fiscal policy around debt and investment, currency liberalization and entrepreneurial risk vs reward. The Chinese government is walking a very fine line with their private enterprise policies and it’s not one that is well understood. But there is quite a bit of concern that if China gets more autocratic it may hinder further productivity and growth (right as the demographic issue hits in earnest).