While Chinese collapse may not be highly likely there are several areas of concern. China's use of the Japanese model may have been a huge error. The Japanese are not big fans of emigration the Chinese are. So, skills and capital are draining out of China even before hitting Japanese style stagnation. Japan never reached the purported four GDPs of debt that China is experiencing right now. That four GDPs of debt is a bit iffy and almost certainly understated both by understating debt and overstating GDP. The technical Chinese term for the kind of government they have is Legalist. The unifiers of China, the Chin dynasty, used the same kind of, sort of command economy that is now in power. that dynasty did not last very long. China also has to worry about such enemies as India, Japan and Russia. If the party hangs tight on the trade war westpac could get really scary really fast. What economic effects of Chinese dynastic change are likely to be felt here in the US?