Whats happening to China is exactly what happened to the USA after 1970. China is a very well off country now, thanks to the good guys of the USA, but the good guys always finish last. Until now.
China can well afford to take time off for a few decades like we did, and figure out new wealth and tax absorbing jobs, in other words, cannibalize themselves like the USA did.
China should be thanking the USA and other dumb countries that gave them all those wealth creating tax paying jobs and shut the hell up.
