Kyle Bass on the Chinese economic model

[China's] economy has given them the confidence globally to be more geopolitically assertive in their dealings.  It's given their military the ability to be much more assertive in the South China Sea.  And it's given Xi [Jinping] an aura that he's made the west think that somehow his economic model is superior to that of western capitalism.  And it's all a facade.  The whole thing is a mirage.  The whole thing is made up with the printing press, keeping a closed capital account, and hoping the world doesn't notice it.

~ Kyle Bass, RealVision interview at the 6:15 mark, "China's Crisis and the Coming Global Recession," March 1, 2019