>>512308813
It's not just the consistent consumer base -- it's the widespread distribution of actual production. High-end, mid-end, low-end, there is just a lot of stuff produced. It's a properly functioning market.
In the United States (and all Anglo conservative economies), new production is carefully managed so that existing assets are not devalued. Monetizing access to limited existing assets is seen as a national interest (because Anglo conservative countries are totally captured by capital).
Remember when the Chinese real estate bubble popped a while back and Xi just shrugged and let them take the hit because "houses are for living, not speculating"? Never forget all the conservatives who swore up and down that it meant the end of the line for the Chinese economy.
You'd have to be literally retarded to ever listen to a conservative on economics. They are nothing but scammers and rentier parasites.