I noticed that some economic honchos are envious of China. Unlike other countries, not only they can print money but also force enterprises to spend it because one way or another all business are on Chinese regime's short leash. However, it is doomed as you said. They cannot spend money efficiently. It will go to party hack's pocket to bankroll their own speculation binge for quick bucks. Even in the best case, it will cause mal-investment to compound overcapacity problem. Actually because of this second problem, their stimulus money cannot be efficient.
Lately, these policy experts are entertaining ever more complicated and infeasible 'solutions,' which can only work in the best possible scenario ever, based on most optimistic assessment. That is, everything should unfold exactly they predicted in time and magnitude. No margin of error.
Their stimulus money is the same carry trade except that it flows through the Communists. It’s not much of a choice we are given, either support the multinationals who pump the carry trade until the whole world is too big to fail, or support various command and control freaks such as Chinese Communists who want to add their own political or socialist goals into the malinvestment.
“I noticed that some economic honchos are envious of China.”
Of course they are. China is fascist. Although they would never admit it, fascism—a system where government tells businesses what to do in minute detail—is the economic system they long for. They really think they are wise enough to make all the decisions.