What advances and problems has China encountered in its transition to capitalism?

The advances and problems that China has faced during its transition to capitalism are those of rapid economic progress and imbalance in the distribution of resources.

Explanation:

Though China has managed to grow to become one of the strongest economies in the world owing to the policies that it adopted to run its economy, there have emerged certain problems like excessive urbanization and improper/unequal distribution of resources. The problems are comparatively not as dangerous but pose the danger of economic slowdowns in the future if some factors contribute negatively.