

a very effective centrally planned economy.
There’s so much BS going on that you don’t really know the full picture. The China fails a lot, their entire banking system has even been repeatedly called into question, the whole tofu drama, failures in planning and investments (like this one: https://flatbike.com/blogs/cyclist/chinas-huge-bicycle-graveyards-and-why-they-matter?srsltid=AfmBOooalRaFGimlCOQT1d8cBl2nPxpuXRQ587vta5lGYx8bIUL5OkKk), etc. Calling it effective is like calling US economy booming. They aren’t special, they’re just bigger and harder to catastrophically fail in a way that would affect the entire country.
That’s the big part I mentioned. Do statistics look as good when you add “per person” in the equation? I’m still not seeing the effectiveness. China is just massive, but not immune to ineffective spending/economy.