What kind of economic development challenges does the Chinese government face?

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  • Strengthening its social safety net, including pension and health system reform, to counteract a high domestic savings rate and correspondingly low domestic demand.
  • Sustaining adequate job growth for tens of millions of migrants, new entrants to the work force, and workers laid off from state-owned enterprises deemed not worth saving.
  • Reducing corruption and other economic crimes.
  • Containing environmental damage and social strife related to the economy's rapid transformation.