>>512189264
1. True 4~5% looks strong on paper. But if you go from 8% > 4% while relying on debt and unproductive investment, it's not growth it's managed stagnation.
The West may grow slower, but with higher productivity and without building ghost cities.
2. The West has low birthrates but can rely on immigration, cultural pluralism, and political liberalism to adapt.
China has no such demographic parachute. Its social contract was built on youth abundance, now it's crumbling with no replacement.
3. It's not just a real estate investor issue. China's local governments rely on land sales, banks are exposed to housing backed loans, and household wealth is over 70% tied to property.
A glut here isn't just oversupply. it's systemic.
4. That 88% number ignores local government financing vehicles (LGFVs), which are off book.
China's "low" debt is a trick of accounting, not actual financial resilience. The U.S. has transparent liabilities; China has hidden traps.
5. China's "real economy" investment often means bridges to nowhere and ghost cities.
If stimulus goes to SOEs and unprofitable infrastructure, it's still destructive just slower and more opaque than Western QE.
int short, You're not wrong that the West is decaying. But pretending China's trajectory is better just because it's slower to collapse is delusional
