How they do financial bailouts by printing their own debt-free money and having fine-grained control of the banking system is also something that the west doesn't do.
> How they do financial bailouts by printing their own debt-free money [...]
What do you mean by that?
> [...] and having fine-grained control of the banking system is also something that the west doesn't do.
Giving bureaucrats even more levers to pick winners badly isn't a good idea. There's a reason China isn't as rich as the west.
[1] https://www.rba.gov.au/publications/bulletin/2024/apr/chinas... [2] https://newbagehot.yale.edu/docs/china-1999-asset-management...