This document discusses China's future challenges and opportunities. It notes that China is no longer the communist state envisioned by Mao and experts debate whether China will pursue peaceful evolution or become more aggressive. Key issues China faces include a declining and aging population as a result of the one-child policy, rising inequality, managing economic transition to higher wages, and dependence on continued growth. Questions remain over whether China can balance prosperity with limiting political freedoms and whether the country will pursue energy needs peacefully or aggressively.