Wrong. You clearly have not been to China. Its filthy, corrupt and lawless. Yes they are building stuff and yes they are making money. Maybe the top 3 %. They need resources or the facade of China inc. comes crashing down.  If supply chains on cheap junk are interrupted China loses out big time. Bottom line is China needs legitimacy that it simply doesn't have because the life standards there are very weak or nonexistent. It has money for now but not much else. Money comes and goes.  Why are they not buying Western products or services?  Because they copy and steal and make their own. The Chinese middle class is doing ok for now, but that will not be indefinite.