The per capita income is only $6,600 (2009 est.), so I wouldn't call them rich. They have such a large economy because they have 1.3 billion people.
Unlike the US they are pro-business and reaping the rewards. Much lower corporate tax rate (25% vs 40%), few of the regulations, unions, and other red tape we have here. The way to compete with China is to unleash our own businesses, not to get into a trade war.
Make no mistake.
Chinese markets are closed. It goes (far) beyond currency issues.
We’re being played. Worst of all, we’re being played by our own side as well.
RINO globalists are in bed with the enemy. Quite a few of them in fact.