Regardless, China figured out some formula that has been incredibly successful the last couple decades. While I have doubts about this approach being sustainable, hindsight is 20/20 and we can’t predict the future.
The "formula" was capitalism, introduced by Deng Xiaoping, which lifted hundreds of millions of Chinese out of poverty.
However, Deng also introduced China's 1-child policy (decidedly not capitalism), which is now beginning to seriously strain the system. The future is indeed uncertain.
