From the International Herald Tribune:
Quantity does not automatically translate into quality in industrial performance, any more than in other realms, and China overall remains a poor and backward country, dependent on imported technology.
Demographic trends, internal migration and uncontrolled urban development, plus megalomaniac, environmentally disastrous infrastructure projects, all threaten sound development.
The scenario of China as future superpower also assumes continuing political stability, which is questionable in the light of popular unrest and the rivalries at work inside an ideologically dead and morally crippled Communist Party, whose brutal apparatus runs the country.