Comment by Workaccount2

I'm failing to see where our descriptions diverge. You aren't acknowledging is that China has unbelievable waste and crushing debt from it (provincial debt, because they typically finance these projects).

Of course the system is great for getting projects build and advancing. China has a massive workforce to fund it's money hose. It's awful for doing it efficiently, because there is no incentive to be efficient when you never have to pay the creditor back.