China is still manufacturing goods that carry Western licences....

China is still manufacturing goods that carry Western licences. Their next move, if it comes, is manufacturing home designed products and that may take a lot longer. So many innovations are already patented, so there may not be much left. Japan has a lot of money invested in China as has America; the battle is on between the American consumer and the Asian manufacturer. If too many jobs are lost in the West, then the money will dry up for purchases. I do not think the West can just be shop assistants: China is buying arms and aircraft but possibly not enough to balance the trade. Much more volatility ahead as the trade balances rock and roll.