Apparently well aware of the problem, China's policymakers have started to tighten credit.
Rising housing costs in Shanghai, Beijing and Guangzhou have exacerbated the problem of rising inequality in China, as the major city centers become unaffordable to many middle class and lower-middle class Chinese.
Without the opening up of airspace, general aviation in China faces a chicken-and-egg problem: the lack of infrastructure on the ground limits the prospects for growth, but without more flights there is little reason to invest in such infrastructure, or in training schemes for pilots and technicians.
However, the loss of talent is a problem that China is facing.
FORBES: Weird things that people get used to in China: part 1
Although G8 summits are renowned for fine communiques, the group increasingly suffers from a credibility problem - some of the world's largest economies like China, India and Brazil are not members, says BBC world affairs correspondent Emily Buchanan.
Wang Hongguang, director of the National Centre for Biotechnology Development, admits that originality is still a problem for many of China's scientists.
It also risks increasing U.S. ownership of the problem at a time when we want China to do more.
Mr King concludes that the biggest problem for China's current exchange-rate policy is not the yuan itself but the performance of the dollar.
Prime Minister Blair said that the G8 achieved his main goals of getting the United States, China and India to admit global warming is a problem that needs urgent attention and to get them to re-engage with the rest of the world to address it.
Insofar as the world depends on China's growth, the state of the Chinese banking system is the world's problem.
And for the United States, the problem is that this threatens the nature of the American relationship with South Korea, and also with its complicated relationship with China, because the more the United States emphasizes the significance of Japan as an ally, the more this divide between Japan and its neighbors becomes a big issue.
"China's government is aware of the problem and addressing it aggressively, " said Mr. Park.
Fake IDs were only part of the problem said Duncan Innes-Ker, regional editor for China at the Economist Intelligence Unit.
The problem, says Yan Xiaohua, the president of Guilin Pharmaceuticals, one of China's leading producers of artemisinin and its derivatives, is not that there are too few plants, but that the price of leaves has shot through the roof.
Already the largest producer of carbon emissions by some estimates, China has another energy problem: efficiency.
More generally, CAPTCHAs have a bigger problem: Teams of people in India and China working to solve the puzzles for pennies.
And ever-increase tonnage of U.S. coal bound for China is adding to the problem.
FORBES: As Coal Imports Rise, Getting Harder To Breathe In China Cities
The problem, though, is that the scale of the industrialization that is taking place in China is so massive, and the speed with which it is taking place so fast, that it tends to obscure the positive steps that the country is taking and the progress that is being made.
But the problem (quelle surprise) is that Russia still appears unwilling to offer the kind of discounts China wants to sign on the line.
An arrangement that countries including China would have their handling of their currencies assessed next year meant the problem was nearing resolution, he said.
The problem is that China's narrower surplus reflects an unsustainable rise in investment (as a share of GDP) rather than in consumption.
ECONOMIST: At least one of China��s economic imbalances is narrowing
Yet, the problem for many other places that are emblematic of an old Beijing is that, in 21st-century China, they are caught in the middle of a collision between history and modernity.
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