> To me, they seem to be building on top of a more modern infrastructure base and do not have the super-prevalent NIMBY problems that exist in the West. How ne

> To me, they seem to be building on top of a more modern infrastructure base and do not have the super-prevalent NIMBY problems that exist in the West. How new the roads and houses are doesn't seem like the most relevant factor for future economic growth. The US built modern infra for the time, then it stagnated. Japan built modern infra for the time, then it stagnated. The US and Japan otherwise took very divergent economic growth paths. China could go either way, but the increasing central control is hardly without risk for future economic development. Miss a few big bets and you have less of a backup plan than a less-organized economy.