China has been moving too fast. It is time to slow down and set priorities. They need regulations/enforcements on product quality, stock market, water/air pollutions, corruption, intelligent properties, social welfare… China should not wait for problems to surface and should proactively fix/reduce/prevent problems before they happen.
Without product quality and intelligent property enforcement, China will not move to the next phase of moving to a developed country. Without regulations in stock market, no one, foreign or local, would invest in Chinese companies. Without water/air pollutions, folks will not have a better life.
China has enough airports, highways... comparatively. Boosting GNP with infrastructure is not a effective payback now.
When China moves up the value chain, the low-end manufacturing will become less important. China’s home market will offset the importance of export. Product dumping is not a long-term solution to create jobs, which is used to reduce social unrest.
They do have to improve democracy and human rights gradually and slowly.
They also have to settle disputes with her neighbors. Let both countries drill and explore natural resources. Let the water flow to SE Asia and India as it has been centuries ago.
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