China's challenges are snowballing. From its slumping stock market to its property crisis, to a generation lying flat, the outlook is daunting, and easy fixes are unlikely.

The world's second largest economy also faces structural problems, including a shrinking population, high household debt and low consumer confidence.

How will China's tough choices shape the road ahead, and what are the implications for the rest of the global economy? Hao Hong, Chief Economist at Grow Investment Group joins co-hosts John Lee and Tom Corbett on Asia Centric from Bloomberg Intelligence.