China's government is significantly more autocratic, though, which lets them do things like unilaterally pay out all of the creditors of a failed company using

China's government is significantly more autocratic, though, which lets them do things like unilaterally pay out all of the creditors of a failed company using printed money. Or alternately, order strategic companies to not fail and in fact be successful. I'm not saying that's necessarily the best option but with that fine grained control over their economy, plus statistically some of the smartest humans who ever lived on the planet playing on their team, I'd be surprised if China's current power structure doesn't ride this out.