I think this analysis fails to consider the effects of timelines of development, population and history.
The chinese revolution led to complete overhaul of the property system, land ownership and land reform from the 50s.
Being developed countries a lot of development happened in a different era in most western countries when the rules, environmental awareness and current standards just didn't exist. China is doing it now. It's a completely different ball game.
China is a huge country compared to most european countries and has more than 1.3 billion people. Its unlikely the things that apply to Europe or the US will apply here.
The chinese revolution led to complete overhaul of the property system, land ownership and land reform from the 50s.
Being developed countries a lot of development happened in a different era in most western countries when the rules, environmental awareness and current standards just didn't exist. China is doing it now. It's a completely different ball game.
China is a huge country compared to most european countries and has more than 1.3 billion people. Its unlikely the things that apply to Europe or the US will apply here.