Growing rapidly for the past 40 years, China's economy is on pace to surpass the United States within the coming decades. Like any nation that has grown rapidly for such a long period, Chinese GDP growth is slowing. After averaging 10 percent GDP growth annually between 1980 and 2009, the Chinese economy has begun to slow, averaging 8 percent growth since 2010.39 However, this rapid growth comes at a price, and the Chinese economy is characterized by the following imbalances