China is automating [1], they know the demographics dividend is ending. More industrial robots are built and sold in China than anywhere else in the world. They are going high tech [2], and will outcompete the US in high tech (based on all available info). They have the will, the US does not (too busy chasing short term gains and ideological wins), based on all available evidence [3].
> Our research reveals that China has built the foundations to position itself as the world’s leading science and technology superpower, by establishing a sometimes stunning lead in high-impact research across the majority of critical and emerging technology domains.
> China’s global lead extends to 37 out of 44 technologies that ASPI is now tracking, covering a range of crucial technology fields spanning defence, space, robotics, energy, the environment, biotechnology, artificial intelligence (AI), advanced materials and key quantum technology areas. The Critical Technology Tracker shows that, for some technologies, all of the world’s top 10 leading research institutions are based in China and are collectively generating nine times more high-impact research papers than the second-ranked country (most often the US). Notably, the Chinese Academy of Sciences ranks highly (and often first or second) across many of the 44 technologies included in the Critical Technology Tracker. We also see China’s efforts being bolstered through talent and knowledge import: one-fifth of its high-impact papers are being authored by researchers with postgraduate training in a Five-Eyes country. China’s lead is the product of deliberate design and long-term policy planning, as repeatedly outlined by Xi Jinping and his predecessors.
LOL If you believe western MSM, China has been collapsing (or on the verge of) for the last two decades. There is always some "time bomb" somewhere waiting to explode in China. Every issue in China (which country doesn't have issues?) is amplified 100 folds in western MSM. That has been going on for at least two decades. It has become a comical satire but some people still believe it. I guess it's kinda consoling to tell oneself that someone else's situation is bad when our own is going down the gutters.
They’ve also massively overinvested in sectors like real estate
But maybe if Drumpf screws up the US enough, they will be able to weather these problems
Or perhaps AI will get so good it won’t matter