China's Transition from Rising Power to Facing Challenges

China has transitioned from a rising power to a state facing challenges as it has reached its position of maximum opportunity. The country experienced exceptional growth since the 1970s due to factors such as US engagement, hyper-globalization, demographic dividend, and resource self-sufficiency. However, these factors are now turning into liabilities, with China depleting its resources, facing demographic imbalances, shifting towards a more centralized and authoritarian government under Xi Jinping, and encountering a less welcoming global environment with the United States and other major economies moving towards containment. This transition marks a shift from a period of rapid growth to one where China is grappling with internal and external obstacles that could impede its future growth and development.