They don't see it coming? Surprised and shocked? Well, the fact of the matter is that they were willfully blind with this possibilities, deep into wishful thinking that China will be always the haven of global business. It is China's mindset that China ought to tower over everybody else in every field by a staggeringly wide margin. They invited foreign business in, and learn business knowhow and new technology. Now it is time to open their own shop and set out to drive out the foreign business they invited in. Chinese state is more than happy to help, using the leverage of powerful political muscle. Tom Friedman, Jim O'Neill, those China cheerleaders, where are they? Care to respond to this development?
P!
You are so right.
It has always been the Chinese government and people’s mindset going back thousands of years. Assimilate their enemies and overcome them even if it takes Centuries to do so. And with modern technology that can be reduced to decades.
Unfortunately for them they always overreach in the end and then they pay dearly for it.