The Chinese didn’t go from dung burning rice pickers to car driving vacationers in 30 years without a lot of shenanigans at the expense of Americas middle class.
Well that is a loaded statement, but how about the shenanigans of the US Fed? China sent billions of dollars of products to the US and all we gave them was green pape and T-bills- What a deal, all we had to do was print paper and we got products. People worry about China having so much US Debt and dollars, but even TRUMP states that China would never sell of the debt and dump dollars- why, because they need USD to propped up its currency! China's currency would collapse without the backing of USD in its current accounts. It is fun being the WORLD currency reserve and Congress knows this.
If you subscribe to China hurting the middle class, blame congress for spending so much money which requires foreign debt holders, thus taking capital out of domestic markets which is utterly necessary for investment which creates JOBS!
Don’tcha just love free trade? The job that employed your neighbor with 4 kids who attends church with you and graduated from the same college you did...now employs some Asian peasant with one spoiled boy in a Communist dictatorship and with the difference in wages going to pay for Oscar Onepercenter’s second yacht.