By racking up debt of epic proportions, with no return on investment in sight.
All the while going into a demographic death spiral. Partly cause by the draconian 1-child policy, which attempted to fix the pronatalist policies of Mao.
All the while going into a demographic death spiral. Partly cause by the draconian 1-child policy, which attempted to fix the pronatalist policies of Mao.
I'm not saying China is the best and whatever, just saying they've proven every "China is about to fall" headline that has been circulating around for the past 15 years. Maybe we should learn some things from them.
When you have massive buildups with no hope of returns, it's a a bad financial decision and the public carries the debt burden.
Pure BS