Well, China also the First Sino-Japan War, the Boxer Rebellion, the collapse of the Qing Dynasty, the Second Sino-Japanese War, the Civil War, and Mao's Great Leap Forward.
Lots of externalities and bad decisions by a authoritarian.
Europe has none of those excuses since the end of the Cold War.
Losing your best men in World Wars and War Guilt has an effect, sure.
But Europe's response (over-regulating bureaucracy) has been *their* choice.