Massive government-led infrastructure spending, policy-driven bank lending and administrative directives for reorganizing ten major industries all bear some flavor of the old command economy. Granted that government intervention when the economy is malfunctioning is needed, the Chinese system was not malfunctioning during the global credit crisis as its bankingsystem was not damaged by the subprime shock. So there is a risk of increasing government intervention in the coming years, with the possibility of a "back-to-central planning" mentality emerging. This is not instrumental for the superpower aspiration.