Much of the growth in China is entirely artificial and is basically a glorified jobs program. China builds tons of cities throughout the country to generate construction contracts and keep people employed.

I’d infinitely much rather have meaningful job programs that actually increase the real amount of wealth in the nation (such as public transport and housing) than whatever crisis the west has by building too little housing for people for the last few decades simply to make the cost of the existing real estate go up further so landlords can ask higher rents. What a nightmare, what a disaster. How could anybody shill for this?