Hell yeah....
Is interesting how that saying goes. ..
"Create the problem, later, become the solution"
https://en.wikipedia.org/wiki/Glass–Steagall_Legislation
Back in the 30s was created the Glass-Steagall Act. A very powerful act that kept bankers at bay. During the Bill Clinton administration in the 90s was repealed. Bankers engaged in predatory acts that spun out of control the banking system.
Since the 70s the Bretton Woods Conference went out the window. The Nixon's administration backed the US Dollar on itself, not gold. The US Dollar is the world reserve currency it creates a ripple effect across financial systems.
As far China.... I heard a podcast about a fund manager that just came back from China. He said that are lots of empty buildings because of what you said. Apparently, he was told, the crooked Chinese Gov officials took a cut of the deal by allowing the contractors to build at Gov expense. Nobody wants to move in because the apartments are too dam expensive.
Here, our economy is propped by buying the debt. Each time the Feds says they are not printing more cash, creates a panic. As is right now, we are printing cash to no end. We did that in the 70s and we cannot back the currency any more. Is going to be a worldwide train wreck. In the mean time, get close to the life boats and hope for the best. Just like Greece.
But..... it cannot happen here.