Although China's trade figures look terrific there is a lie to this story.
China is now suffering a wage spiral increase required to keep wages up with inflation. So tied to this is the need to keep the unemployment rate down to avoid civil unrest.
State owned businesses are, in a number of cases, squeezing margins to keep turnover. Basically working for nothing.
Balance of Trade surpluses may soon show this reality as they diminish. Blame can be diverted to the slowdowns in Europe and the US
China is now looking at the domestic economy for future growth. Its the Japan, South Korea, China cycle. Bangladesh and Indonesia will be the next possibilities.
Third world economies are becoming industrialized in series. These countries collectively will challenge for Chinese customers.
China's 20 year dominance is set to be seriously undermined.
