Why name calling...? that's what kids do when the loose the argument or when the school bully wants to pick a row!. The global economy is not about being partisan...its global mate and that means that there are more perspectives rather than the gospel as per Uncle Sam.
Honesty is about recognising and accepting what is....not what ought to be.
China owns 30% + of global manufacturing and trade despite Uncle Sam trying to stymie its growth . Its a fact that the US industrial and economic decline started in the 1980s and the Rust Belt is evidence of that (do yourself a favour and visit what was once the US manufacturing hub and its economic engine. )
This is where Working Class RW Populism began.Ironically most of this happened on the Republicans (Regan) watch!
Instead, now that US has relied on Silicon Valley/hi-tech to stay afloat but since the Trump "Anti-Chinah " tariffs/hi-tech exports to China ban (followed by Biden) China is now emerging as a global Hi-Tech hub positioning itself to be self sufficient and later to knock-off Silicon Valley.
Just look at China's BRI to date and its advancements to meeting its "Made in China 2015" objectives? To simply point out that is not favouring China nor is it anti_American...its simply telling the truth.
And dont tell me that China is the only country to copy others in manufacturing and technology: -The US did it in the late 19thC & 20th C -The German did it post WW2 -The Maps did it The Koreans did it And now the Chinese and Indians are doing it!
To be globally competitive nowadays on has to analyse the strengths/weaknesses of competitors and with new products and services better them and if that's not possible, then copy them.
The evolution of the Auto CVT from DAF's original design in the early 1980s is a case in point. Volvo bought DAF cars primarily for its then CVT patent but in the interim other manufacturers have got around it by marginal improvements culminating with Toyotas eCVTs (the best in the business IMO) in its Hybrids.
IMO that's precisely what's happening in China now with emphasis on the 10 business/manufacturing areas highlighted in its "Made in China 2015"
As I said previously, if private capital failes in realestate as it did in the US and Western Europe during the US induced GFC, then China wont bail out the Capitalists but instead nationalise their assets, complete the projects at a profit and simply add to the GDP....not subtract from it.
Rationale: China Socialists like Marx believe that Capitalism has within it the seeds of its own destruction with the 1930 Depression and to a lesser extent the GFC being evidence of that which requires a Governments bail outs (Socialism) to save it.
Personally Im not sure if that is so ("That Capitalism has within it the seeds of its own destruction") but I'll believe it when I see it.
