Comment by corimaith

Well first of all, that's not happening in America. The basic gist of this topic is that there suddenly a massive upsurge in energy demand, and existing networks trouble accommodating for it. Big deal, just build more power plants. The inability to build is the opposite of pro-market, it's literally NIMBYISM and government regulations causing that.

Second of all, when we talk about malinvestment, it's about opportunity cost. Right now, the job market is pretty bad in China, consumption is weak, and businesses are killing themselves in deflationary price wars. Chinese Gen Z don't want to work factory jobs either, but white collar jobs like the West, but many of the industries related to those were suppressed. And this is all because the government chose to overinvest in propping up their manufacturing and construction rather than increasing consumption and fostering their services. For you as a rich American you can admire their cheap goods and cities, but you're also not exposed to the reality of the extreme competition in that society.