Just read Sun Yat-sen and study Singapore.
https://www.scmp.com/comment/insight-opinion/united-states/article/21691...
Ostensibly, the Chinese economy is increasingly reliant on construction, which has stoked a huge credit boom. It is often said that China avoided a direct hit from the financial crisis of 2008, unlike the United States and Europe; essentially, Beijing built its way out of a recession.
