The boom/bust cycle, which they don't have in China, means that anything capital intensive will be given back to the banks on the next down turn and resold to somebody else if a big fish doesn't acquire it between market crashes. That's why nobody builds capital intensive stuff that has a long term ROI, at least in this country.
For example, watch Tesla go broke and give all that beautiful capital they've built back to their creditors before this is all over. This doesn't happen in China, even though lots of companies have debts they haven't paid on in years because the government just buys the bad debts off the banks and the banks continue to lend.
For example, watch Tesla go broke and give all that beautiful capital they've built back to their creditors before this is all over. This doesn't happen in China, even though lots of companies have debts they haven't paid on in years because the government just buys the bad debts off the banks and the banks continue to lend.