China's debt-to-GDP ratio is higher than the US and stands at around 280%: https://www.reuters.com/breakingviews/chinas-growth-is-buried-under-great-wall-debt-2

China's debt-to-GDP ratio is higher than the US and stands at around 280%: https://www.reuters.com/breakingviews/chinas-growth-is-buried-under-great-wall-debt-2023-09-13/ https://www.reuters.com/breakingviews/chinas-growth-is-burie... Also, China's "innovation" is mostly built on IP theft.