They are running a metcantilistic fiat ponzi keynesian economy

China has beaten the west at its own game - now the west is putting up trade barriers desperate to protect its shrinking manufacturing sectors that cannot compete. Libertarians sing the song of open markets free market capitalism only as long as it suits you. You fail to understand that Chinas success is built upon the same formula as the wests was post ww2- a judicious mix of state led capital allocation toward infrastructure and free market competition. Yes they have less red tape than the west has tied itself down with- that's not Chinas bad. The west has assumed it can manipulate the international markets via its control over the international institutions and the monetary system- rather than producing more than it consumes in an honest manner- that fiat debt inflated delusion is now being exposed. Time to admit free markets are not the sole source of wealth - government strategy is and always has been crucial...and the wests governments have been captured by private capital lobbyists who do not strategise beyond their own narrow rentseeking interests.