> China is building thousands of kilometers of high speed rail seemingly every year.
Many analysts state this has been overbuilt to the point of being gross malinvestment [1-6, etc]. All of those miles require tremendous and costly annual upkeep, and the ridership numbers won't adequately subsidize these costs.
> They’re expanding their power through trade agreements rather than military force. They can manufacture whatever they want.
The results of this remain to be seen. eg. they're dumping cheap EVs on Europe because their domestic market is saturated for Chinese products; meanwhile, the West is pulling back from trade.
> From where I am sitting it looks like China keeps growing while the US declines.
The US is hardly declining. US GDP growth is an astounding 6%, which is almost unprecedented for a developed economy. The rest of your assessment feels like progressive political talking points. Moderates and conservatives would feel very differently.
> we’re too xenophobic
It's xenophobic to have an ill outlook on the Chinese economy? What if one maintains a positive outlook on the Indian, Vietnamese, and Mexican economies? Or Taiwanese? Is that xenophobic?
[1] https://www.washingtonpost.com/world/are-chinas-high-speed-t...
[2] https://asia.nikkei.com/Spotlight/Caixin/China-s-railway-inv...
[3] https://www.ft.com/content/a9337b06-fe20-11e0-a1eb-00144feab...
[4] https://www.orfonline.org/expert-speak/chinas-high-speed-rai...
[5] https://www.eurasiantimes.com/a-whopping-900b-debt-chinas-on...
[6] https://asia.nikkei.com/Business/Transportation/China-Railwa...