Nope they are still garbage. I saw a video of a 3 year old Chinese EV underneath the hood compared to underneath the hood of a new tesla after 3 years. The Chinese EV was all rusted inside but the Tesla wasn't.
The Ford CEO disagrees with you, he is highly praiseful of the quality of his Xiaomi and other leading Chinese brands, which in his own words constitute "an existential threat" to his company.
If Chinese cars were allowed in N. America with the same level tariffs as other imports, they would be market leaders within a year or two.
Chinese statistics are always fake. Sure urban home ownership appears high if you don't count the millions of rural Chinese workers living undocumented in major cities living 10 people to a shared house who don't show up in those statistics.
Also property taxes vary by location greatly in the west. I live in Sydney and a large percentage of the population don't pay land tax because the minimum threshold for property which incurs land tax is high. The ones that do pay land tax are paying something like $3000 or $4000 per year on a property worth $3 or $4 million. That is like 0.1% per annum. A small price to pay to not have to lease land from communists.
New Zealand has no land tax or stamp duty and in many cases you can even sell assets without paying capital gains tax. There are many places in the west were taxation of property is not an issue.
It looks like you're much better off in Oz than in the US or Canada in property tax, where it's around 1%.
Rents in China are very cheap outside the nicer neighborhoods in top tier cities, a custodian in Wuhan can afford to rent his own place, something that is not possible in Sydney, Melbourne or most large American or western cities. That is why you have large homeless populations in LA, NY, SF, Paris, London etc. Here's what a quick search says about the situation in Australia, which is less dire than in the US:
"A majority of people experiencing homelessness long-term in Australia are found in the large cities of Sydney, Melbourne, Brisbane and Perth. It is estimated that
on any given night approximately 116,000 people will be homeless and many more are living in insecure housing, "one step away from being homeless". "
Also, a lot of rural workers are home and land owners in their province and can receive some income from local agricultural cooperatives.
Western economic data is also fudged, not just with inflation or unemployment, but also with GDP data.
Also China has a lot of capital controls. Not easy or convenient for Chinese people to get their wealth out of China. If investing in China is so great why are all the rich people in China trying to invest their money into Western countries western real estate, western stocks, gold and Bitcoin?
I never said anything about investing in China. This being said, I wouldn't buy property in the US, Oz or UK if I were Chinese, based on what happened to Russian property owners in Europe whose houses were expropriated.