Professor, I have worked in both countries, and your observation comports with my experience. To argue that China has a more stable business environment than the US does not negate criticism of their form of government and its lack of respect for individual rights. Of course, there’s a room for reasonable debate on this topic because nobody knows just how bad the US individual rights situation really is.
I am certain of three things. First, the founders of the USA left it with a much better form of government than the founders of the Peoples Republic of China. Second, although neither government has been overturned by revolution, the practice of government in both nations is radically different from what their respective founders intended. Third, the PRC political elite are more practical, intelligent, and competent than the US political elite.
WRT to property rights in China: After Kelo, the screwing of GM and Chrysler bondholders, the BP Plc shakedown, Congressional hearings on nationalizing 401k accounts, and the massive bailouts, I don’t know which nation is worse in this regard.
Do we really know China’s economy is strong? Do they have a free press that can tell it like it is? Where do their numbers come from? When was the last time China posted ANY economic numbers that showed anything was in bad shape?