The generation shift in which the 5^th generation headed by Xi Jinping took over control of the Party and the most powerful positions of the state, started a year ago and is practically finished by now. The primary objective of the new President – Secretary General of the Party is to make the “Chinese dream” come true i.e. establishing a world-power in which citizens are satisfied with their welfare. After the amazing development of the last three decades – and actually mainly due to it – China is facing several problems during the one-decade government of the 5^th generation.

The Chinese expansion model has expired, the pace of economic development is slowing down and the country needs a paradigm shift. Increasing social gaps, pollution, corruption and a number of other factors are severe problems the new government has to deal with. Even though China is expected to become the largest economy in the world after the USA in this decade, the next 10 years is not likely to be easy. The lecture presents the results of the Chinese “reform and opening” so far, the most threatening dangers and possible solutions of problems.

Salát Gergely PhD is a China-researcher, Docent of the Department of Chinese Studies Pázmány Péter Catholic University, Assistant Professor at Eötvös Loránd University, Budapest.