TOKYO -- President Xi Jinping's much-touted "Chinese dream" of becoming a global power matching the U.S. faces tough challenges ahead, as the country struggles to avoid slipping into a prolonged period of economic stagnation.
China weathered the 2008 global financial crisis, which was triggered by the collapse of Lehman Brothers in the U.S., by adopting a massive stimulus package worth 4 trillion yuan around US$585 billion at the time.