[goalieca]

Central planning in China is leading to many terrible problems from a collapsed real estate market to a debt that’s 300% of GDP and accelerating. Yes, they often deliver with focus and determination but this can work sideways too.

FWIW, we have a similar problem in Canada where the federal government makes large investments and plans that backfire terribly.

[neonstatic]

That's a good argument. Centrally planned economy is not something I would support. Lots of negative examples from history. However, if the government is doing something (which all governments do, even in capitalist countries), then it would be nice if they were as efficient and reliable as the Chinese one.