https://www.wsj.com/world/china/china-economy-debt-slowdown-recession-622a3be4

«At those rates, China would fail to meet the objective set by President Xi Jinping in 2020 of doubling the economy’s size by 2035. That would make it harder for China to graduate from the ranks of middle-income emerging markets and could mean that China never overtakes the U.S. as the world’s largest economy, its longstanding ambition.»

No one who has read Why the West Rules – For Now would get smug about this.