This document discusses China's economic growth and transition since the 2008 global financial crisis. It notes that China contributed significantly to global growth in 2012 through exports, investment, and domestic consumption. However, China's post-2008 stimulus relied heavily on fixed investment, leading to potential overcapacity issues and high debt levels. There are also concerns around China's real estate market, income inequality, and the need for its economy to transition toward more sustainable domestic consumption-led growth. As China's new leadership takes over in 2012, balancing these challenges will be key to guiding the country's next phase of development.