During 2010, China became the number two country in the world measured by total GDP (in PPP terms). However, China's extremely rapid growth has also had its price. This is expressed in the many economic imbalances - but also in a number of substantial of conflicts of goals for Chinese policymakers. Thus, one big question concerns the area that will dominate Chinese policy in shorter and longer perspective. The other big question is to what extent policy priorities can be achieved. Finally, one should raise the question whether the officially desired priorities contribute to a healthier trend in the Chinese economy.