IMO your post does not make economic sense
Perhaps its wishful thinking ..eh?
-High inflation and high unemployment don't go together
-western inflation is mostly driven by high energy costs
-China is buying cheap oil and gas from Russia & Iran (thanks to US economic sanctions on both)
-Unlike the OECD countries, China has a "Command Economy" where shorter term economic
variables such as prices are determined by the Government; not by the market
-Consequently China's inflation rate is 2.5% approx while its post Covid lock down growth rate is 5%
We can always argue that in principle that Chinese economic data is not kosher because
of its "command economy" but that said our economic stats are partially managed by
Government-not free market- eg: subsidised electricity tariffs, gas price cap, etc etc etc.
Over the past 25 years China has outgrown the OECD by a factor of 3ish and the big
challenge to the OECD (led by the USA) is can it keep pace with China over the next 25 years.
Speculation/wishful thinking is fine but the brute economic fundamentals prevail over
the longer period and over the past 25 years, China has the runs on the board.
For 2 and a half years, China had a 100% lock down Covid policy.
That was lifted in Oct 2022 so we'll simply have to wait a year or so
until the stats are available to really judge China's "post Covid" economic
trajectory.
My guess is that it will grow at about 5% P/A to 2030 when it will pass
out the USA in GDP(nominal) having passed out the USA in GDP (PPP) in 2015.
