You are very right in your assertion. But, people with new money generally love to spend and show off. It may be good for a developing economy. The design/model of product changes and people run to buy may be good for the companies that produce the new models. These companies provide jobs.
In a modern economy, the bad thing is people stuck in old clothes, old furniture, cookeries or old China clay ceramics. The economy remains static at that. I am talking not of the old-time village economy, but of a modern economy with a huge trend of buying and consuming.
By reading his posts, I have a feeling that
@Protest_again likes your statements and is trying to be friendly with you. Name-calling is ok between friends.
So, do not yet brag about your copycat China. Japan is far above your country and millions of Chinese are working here. Accept the fact. My country's backwardness or Japan's rise has nothing to do with myself. I am talking about reality. You just cannot match the Japanese living standard in the next two hundred years.