The key words for China in the past 20 years are: creating assets. Local governments selling land, banks providing loans, real estate expansion, infrastructure expansion, corporate expansion, residents leveraging up. The whole society is trying to find ways to create new assets.

The key words for China in the next 20 years may be: managing assets. REITs revitalizing assets, local debt restructuring, AI regulation, anti-corruption audits, state-owned asset integration, reallocation of resources through industrial policies.
The whole society is trying to find ways to manage the assets that already exist.
The prosperity of a society essentially depends on two forces: the force of creating assets, and the force of distributing assets.
When creating assets > distributing assets, society prospers.
When creating assets ≈ distributing assets, society stagnates.
When distributing assets > creating assets, society declines.