This Globe article was not a very sophisticated analysis. Oftentimes the Globe is reporting something that the world has been discussing for quite awhile. The Economist has a whole series of articles on the Chinese economy that has more in-depth and original reporting.

"If the investment rate does fall, China will need another source of demand. The obvious place to look is household consumption, but consumers may not rise to the challenge. This special report has argued that a much higher rate of government consumption would be equally desirable—and perhaps more feasible.

As China’s capital accumulates, its population ages and its villages empty, saving will grow less abundant and good investment opportunities will become scarcer. China will then need to use its resources more judiciously. That will require it to free up its financial system, introducing more efficiency even at some cost to stability.

China is a vastly more prosperous and expansive country than it was 20 years ago. It has broader horizons and can afford a wider range of concerns. Development is no longer China’s only truth. But it is still hard."

http://www.economist.com/node/21555765