Every week for the last 10 years, there’s been an article on how China is on the brink of destruction. It’s all propaganda to keep us from raising the import tariffs and getting our industries back.
I’ll believe these stories when are stores aren’t full of Chinese made goods.
I don’t know about “destruction,” but it’s pretty much accepted that China is losing its competitive position to Malaysia, Cambodia and Vietnam as a place with low manufacturing costs.
Would not surprise me that all the “woe is Commie China” stuff is to keep the US from placing tariffs Com China to counter their tariffs and non-tariff barriers on US goods. Eventually the trade imbalances are going to catch up w the US