> China is very aware that America's huge industrial mobilization for WWII is what pulled it out of the Great Depression. I don't think this is particularly re

> China is very aware that America's huge industrial mobilization for WWII is what pulled it out of the Great Depression. I don't think this is particularly relevant, national economies functioned very differently back in the 30s. Also the US incurred a massive public debt, with a debt-to-GDP ratio that hadn't been reached until COVID and the late 40s were a bit shake economically until the post-war boom started in the 1950s. The main reason the war was "good" for the economy is because of the massive debt funded stimulus which probably would've been utterly unfeasible politically during peacetime (but in general making things just to blow them up is not very productive). Considering how globalized and interlinked modern economies are I don't see how any possible benefit from industrial mobilization could outweigh the loss of international trade with most Western Countries. Also it's not like you can just take a random car factory and retool it to produce modern tanks/etc. in a few months like they could in the 40s. IMHO any "war economy" type industrial mobilization would be closer to the great leap forward than WW2 just because of that.