> Where in Asia? When was the last time in China? Are you comparing Shenzhen to Bangkok? Or lower tier cities to lower tier cities in Thailand?
Maybe you misunderstood? Clearly Shanghai is nicer than Bangkok, but China is not 1.4B people living in Shanghai, you need to include the people living on a few dollars per days in rural Chinese areas.
> What do you think is the trend for Thailand and China in the next 10 years?
I have no idea, but even if China continues to grow at 5% per year (if they're lucky), in a decade they might have a per capita GDP of what? $20,000? That puts them on par with Panama or Uraguay?
> Do you think Americans can afford cutting edge health care
Absolutely. Just look at things like CAR-T adoption, it's the highest in the world. Far exceeding Europe and Europe exceeds China.
> In China, they have universal health care where basic health care is cheap. If you want private health care in China, it's expensive. So you tell me which is better.
Cheap healthcare in China is just that - cheap. I've been to Chinese hospitals. I've seen doctors prescribe antibiotics for viral infections. I've seen them recommend "hot water" as a cure.
It may be convenient and cheap, but quality is terrible unless you get to the high end private hospitals and guess what? CAR-T therapy cost hundreds of thousands everywhere in the world.
> I think a ton of people make the mistake of comparing average China to average US and then say "see! I told you China is bad".
Why would you not compare averages? Or would you prefer to compare Shanghai to say the top 10% of income earners in the US? We could do that too if you'd like.
The truth is that China, while making great strides, is still about as rich as Thailand on average. They need decades are very strong economic growth to even match the US, let alone exceed it.
All while facing a massive debt overhang and demographic changes that will only slow economic growth.