What many Americans don't realize is that China has already surpassed the United States in terms of development (developing country vs developed country sense of the word). Obviously both are 'developed' countries at this point but compare Chinese tier 1 cities vs American tier 1 cities. I would argue Chinese tier 1 cities are 10-20 years ahead of their American counterparts.
source: visit any Chinese tier 1 city (Beijing, Shanghai, Guangzhou, Shenzhen) and it will blow your mind if you've only lived in the West.
And if you haven't visited, for example this is tier 1 China: cashless society, amazing public transportation, clean streets, no homeless, practically zero crime, drone food delivery (in Shenzhen, certain spots only), high-speed rail to every major city in China (and even to smaller tier-2, tier-3 cities), wonderful infrastructure that gets built in years (vs decades in the West), extensive subway systems with protective barriers at every single station (so you can't suicide or push someone on the tracks) etc.
source: visit any Chinese tier 1 city (Beijing, Shanghai, Guangzhou, Shenzhen) and it will blow your mind if you've only lived in the West.
And if you haven't visited, for example this is tier 1 China: cashless society, amazing public transportation, clean streets, no homeless, practically zero crime, drone food delivery (in Shenzhen, certain spots only), high-speed rail to every major city in China (and even to smaller tier-2, tier-3 cities), wonderful infrastructure that gets built in years (vs decades in the West), extensive subway systems with protective barriers at every single station (so you can't suicide or push someone on the tracks) etc.