LOL. That's exactly what China states about the US, when the US sent multiple high up officials to China prior to Xi's trip to San Fran., in order to pave the way for Xi to come to the US because Biden was begging to meet with Xi. I guess it's all a matter of perspective.
One country has a 22% youth unemployment rate, before stopped reporting. Another country has a 8% youth unemployment rate.
One country has the primary investment sector being real estate, where their top 2 companies are bankrupt. Another country has the primary investment sector being stock market, where their tech top company is worth 30 of the other country's top tech companies.
Easy to figure out which one was begging for money
Again. It's a matter of perspective. If Biden didn't ask Xi to attend the APEC meeting, Xi probably wouldn't bother to attend. But based on your viewpoint, I guess no one needs to worry about China anymore because it's about to collapse. And whatever reserves China has is just all illusionary/fictitious, just like everything else in China.
I also wouldn't necessarily take current market values of companies to be their actual worth. A product from e.g. Apple and e.g. Xiaomi are 95% similar and more than likely sell roughly the same amount of e.g. phones. Apple's value is in its brand, not necessarily that the goods are vastly technologically superior, etc., nor its capabilities as a company to produce goods.
