On a different tack, there was an article (Forbes or Money) about 17-20 years ago about the "brain drain of America." I'd suggest that Americans do not become complacent in our studies, education, creativity, and drive. The Chinese and Indians seemingly work much harder than we do in the education sector... and the manufacturing sector. Albeit they are capturing market due to low labour rates. This too will change as these countries mature in a capitlistic, free-enterprise market. That is my prediction.
That would be the case normally, and is the case in most other countries we trade with, and may likely eventuate in India, although its socialist mindset has a plethora of laws which impede true economic freedom.
The Chinese situation is markedly worse from the standpoint that they have emphasized from the Constitution of China on down that the capitalist "new economic sector" is limited, and intended to serve the communist sector. Hence 80% of the populace is kept out of the new economic sector. This creates a situation where they can maintain a pool of communist-priced labor. Their command-control is more or less complete. This is how they can more or less arbitrarily set their labor rates at world-beating starting points...and keep them there.
I predict, as did the late Dr. Constantine Menges, this dreadful situation will remain the case as long as the communist overlords remain in power and remain bent on world hegemony under their rule. They have created stresses in their nation because of the manifest "uncommunist" unfairness of some being favored, especially themselves and their offspring, the princelings. These are clearly stresses that can be targetted by an enlightened foreign policy, as Reagan did with the Soviets. But they have all the guns. And so far, unlike with the Soviets, their troops show zero compunction about shooting on their own peacefully protesting people...
Not-So-Subtle lesson of history for Americans there...support the NRA!