Moving into the second quarter of 2018, despite headwinds facing global trade, persisting structural chal-lenges in Asian economies and pessimistic speculations, China remains a stabilizing factor with strong ifrst-quarter performance, and its growth rate over the next decade is expected to be about 6 percent. The core challenge for China remains its sovereign debt problem, which has been the target of recent financial sector reforms and interven-tions. But given the country's low government debt and high savings, this issue appears to be wholly manageable.