China's managed to lift a huge number of people out of poverty and deserves credit for that. They did it at a terrific cost in human life and rights and they deserve opprobrium for that, in particular for the continued and now increasing level. We have plenty of examples from history that such an approach is not sustainable.

Regardless, if you look at the numbers the odds of significant further growth are dubious. China remains quite poor on per capita GDP, even on a PPP basis it is in the lower half of countries. It has an enormous unemployment problem, and a huge demographic overhang. Corruption, false statistics, and cronyism remain dominant in the economy and government, more reminiscent of a small state than a massive one, and all of which make it very difficult to manage large shocks.

I'm not saying the PRC is some benign kumbaya entity. But they have deep structural weaknesses that are not discussed much because it's more useful to various people to point elsewhere.

This is exactly why China has such a huge growth ahead. Just to get to the level of countries like Australia this will make their economy several times the size of US.

[1] https://foreignpolicy.com/2021/11/04/china-one-child-policy-...

Moreover, the US is changing its immigration policies exactly at the moment they need it most, which seems to be another tragic mistake.