It seems to me that China is riding easy money and sinking it into tangible assets that, beyond default, are at least usable and semi-permanent. You can't unbui

It seems to me that China is riding easy money and sinking it into tangible assets that, beyond default, are at least usable and semi-permanent. You can't unbuild a bridge and get the money back. It may collapse in the future, but not before reaping benefits for the economy where it's sitting.