Debt from where - when China is owed trillion of dollars by US, Europe, Africa and name any country. Chinese are super-savers.
The Chinese model is not one to be emulated. There are huge unreported debts in their country just as they saddle hapless banana republics abroad with debts.
Technological copycats face huge disadvantages against technological innovators. They will always lag behind the more creative rival, not only in the factory, but on the battlefield. “Repeatedly during the Opium Wars … Chinese armies of thousands were routed in minutes by a few hundred, or even a few dozen, British troops,” Beckley notes.