I think its the elephant in the room the CCP don't want to talk about.
It wouldn't surprise me if china did somehow work around it but yeah those stimulus packages over the last few years have been way too high.
Other problem is China is too reliant on the economies of its export partners
To be honest the only way out IMHO is for the CCP to encourage it citizens to start emptying their bank accounts and start spending more ramping up the domestic economy.
I'm predicting the bubbles going to pop in 6 to 18 months. Its just a matter of how long the CCP are willing to stall it
You are a genius, Chinese don't consume at all.
America is the ultimate economics model, spending money now, its future generations problem of paying it back.