West is in shambles that China is not collapsing immediately.
The West doesn't want to admit that it would be in even worse shambles if China did collapse.
The vast majority of westerners have financier brain and are incapable of formulating a causal relationship between the two. Libs will look you dead in the eye and tell you how they just need to move the money elsewhere and industrial capacity will magically come out. De-industrialization and neoliberalism have unmoored their economic thinking from any kind of materialist analysis of the world, it's all just (racist) vibes. "China is getting uppity thinking it can be an economic powerhouse but wait and see how their economy will collapse and we'll be on top again." is a fucking wild statement in a world where China closed a couple of seaports and entire industries ground to a halt in the West.
due to a crisis in the real estate sector
Huh they really think economy is just rent and finance?
They can't comprehend real estate being anything other than rentierism and speculation.
Well to be fair changing the approach to land and housing will absolutely cause crashing their entire renter economy to the ground, but still, they are more stuck in and delusional than even the Russian aristocrats in beginning of XX century.
That's been the mainstream conception of "economy" for half a century
Umm acktually sweaty, history is over? That means any country trying to move away from a capitalist mode of production is going to collapse? it's basic economics 101?
I found a YouTube link in your post. Here are links to the same video on alternative frontends that protect your privacy:
