I think you underestimate the level of propaganda and fakery that goes on in the chinese economy. Yes, techinically most of the worlds economy is "made up" and transactions but at least in the west theres a system to regulate that. You actually have to make a transaction to log it as a transaction. Altering companies books to falsly increase value is considered criminal in the US, in China is considered good business. You ever wonder why certain chinese megacorps worth billions one day are suddenly bankrupt the next?. The vast majority of China's companies the multi-million and billion dollar level operate the same way Enron did right before they went bust. Yes, they are manufacturing stuff but the manufacturing industry is making questionable profits. Sure they are reporting profits right up until a supposed Fortune500 corp suddenly collapses in the space of a week. China's economy is much, much worse than people in the west believe, especially during Winnie's tenure and his massive military spending.
I think you underestimate the level of propaganda and fakery that goes on in the chinese economy. Yes, techinically most of the worlds economy is "made up" and transactions but at least in the west theres a system to regulate that. You actually have to make a transaction to log it as a transaction. Altering companies books to falsly increase value is considered criminal in the US, in China is considered good business. You ever wonder why certain chinese megacorps worth billions one day are suddenly bankrupt the next?. The vast majority of China's companies the multi-million and billion dollar level operate the same way Enron did right before they went bust. Yes, they are manufacturing stuff but the manufacturing industry is making questionable profits. Sure they are reporting profits right up until a supposed Fortune500 corp suddenly collapses in the space of a week. China's economy is much, much worse than people in the west believe, especially during Winnie's tenure and his massive military spending.