Where others see rapid Chinese growth, we see massive debt and Soviet-level inefficiency. Where others see gleaming infrastructure, we see ghost cities and bridges to nowhere. Where others see the world’s largest population, we see a looming demographic catastrophe. Where others see an ocean of Chinese exports, we see vulnerable supply lines and a dearth of domestic consumption. And where others see an enlightened leadership confidently carrying out a master plan for economic supremacy, we see a decadent elite that views China a lot like we do, which is why it is building the most advanced
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