I have long believed that Red China is a bubble.
The Chi-Coms fear revolution. Their tyranny and corruption are hated by most of the billion-plus population. Probably no more than 600 million citizens have benefited from the "reforms" -- which IMO are nothing more than a version of Lenin's New Economic Plan (NEP).
Violent confrontations between citizens and government now number 200,000 a year the last I heard. About ten years ago when I researched the number it was 70,000.
Bubble about to burst, revolution to follow.. yes there will be war it's the only thing that can save the Chi-Coms. IMO.