In some ways yes, in some ways no. There are a lot more political problems in China than the US right now. Jobs are hard to come by, the youth is 'lying flat', the work culture is insane, the job just aren't there -- 20% unemployment for young people. The local governments are broke because they spent so much money on infrastructure that they didn't need -- because the party wanted them to. The real estate market has collapsed and most of the Chinese people's wealth is tied up in real estate so this is discouraging people to consume. The government is corrupt. Money is flooding out of China at an unprecedented rate. The millionaires and billionaires are fleeing. Chinese companies are moving their manufacturing plants to Vietnam or Indonesia because labor is cheaper there and tariffs aren't high. The joke making the rounds in China regarding robotics is "China is 50 years ahead in robotics", but that's because their robots keep falling over and acting like geriatrics, i.e., 70-year-old people. Look at facts, don't listen to propaganda.