You say that like it's a bad thing...
It truly is a bad thing because of this reality, which you didn't dispute: ChiComs have a different objective. They want US manufacturing to be transferred to China
IT IS BAD for USA. It is good for China.
"Let London manufacture those fine fabrics of hers to her heart's content; let Holland her chambrays; Florence her cloth; the Indies their beaver and vicuna; Milan her brocade, Italy and Flanders their linens...so long as our capital can enjoy them; the only thing it proves is that all nations train their journeymen for Madrid, and that Madrid is the queen of Parliaments, for all the world serves her and she serves nobody."
(Prominent Spanish official - Alfonso Nunez de Castro in 1675)