“Weren’t the Japanese doing the same thing 30 years ago?”
I expressed concern over this to my politically connected uncle. He laughed and said, “They’re not citizens, they don’t vote, they won’t have an organized lobby, the tax increases are going to kill them. They’ll be gone in a decade.”
Exactly!
The Chinese have excess cash and need to invest.
Our assets are cheap, with a decent upside potential, so the Chinese will invest here.
Putting subsidiaries and manufacturing here is all you need to know about what is happening in their homeland.....rising wages, non-competitiveness, inflation, etc.
Just like Japan, China has peaked and will now enjoy 20 years of good times, followed by 30 years of bad times.
Meanwhile, India is rising.
The question tho is whether the Chinese will use economic leverage of I e sort or another to effect changes to US immigration laws that result in a much higher number of Chinese immigrants.
Remember that the Chinese tend to think and plan decades, if not centuries down the road. Will Chinese immigrants, once naturalized, really abide by the Oath of Allegiance? Will their children, born citizens, hold those ideals and loyalties as well?
It’s east to look back at various immigrant groups, from the Irish to the Japanese and understand that the charges of divided or fake loyalites was BS. But they were here long before mechanisms existed (like they do today) to really allow them to be highly influenced if not controlled/directed by their countries of national origin.