The question people should be asking is this: Can the world live without a functioning Chinese economy?

During the Great Recession, the Chinese state didn't allow malinvestment in the Chinese economy to get cleared out by the recession. In other words, there was no real recession in China from 2007-2009. As a result, the Chinese economy has 22 years of malinvestment bottled up. The Chinese economy and the Chinese state are absolutely doomed.

Side note: Are the China-hawks going to stop claiming that Biden is in bed with China now that he's has labelled China as a bigger threat that Russia?