And in some of our inner cities? I understand your comparison, but the essentially "perpetual debt" to be paid without ever being paid off is building around the world. The Congressional Accounting Office sees a continual acceleration in ours. So it's not a contest declaring that the last entity to declare bankruptcy wins. All lose. As an example, our "world beater" DoD budget is now less than our interest payments, so says the news. I care far, far less about China than this nation. I don't think "we" have a palatble answer to this. Regards.
We have our own problems, no doubt, and if we don’t resolve them eventually we’ll end up where they are.
But make no mistake, they are already there.
The reason people have been talking about the Chinese collapse is because if their financially situation were applied to any Western country, that country would have had a financial meltdown long ago.
The CCP have been able to use their power to control society to keep everything together. But even their power cannot change the laws of mathematics. They are barely keeping it together and things are close to falling apart at the seams now.