most other electronics by all the famous manufactures are made in China so millions of people will be unemployed - most are young people in their 20s trying to get ahead and are earning a good living by Chinese standards ... The alternative is to return to the countryside and abject poverty.
China has a large and growing middle class. The middle class Chinese does not want an economic/trade war with the USA. In a similar manner and the Chinese middle class does not want a military war with the USA. The 1989 Tiananmen Square protests were the rise of the middle class. The protest took the lives of thousands (maybe tens of thousands) of China’s middle class. The protest made the case for economic power that the middle class was willing to die for. IOW, the Old Guard has the political power, the middle class has the economic power and proved they are willing to die to keep the economy flowing. If the Old Guard screws up and escalates a trade war that depresses, or God forbid, collapses their econ, then the Old Guard realizes this could tear the country apart with the real possibility/probability of taking down the Old Guard.
The Wumao 50cent party would go unpaid.
China is rolling in massive surplus of US dollars that they don’t know what to do with - trillions being spent on their worldwide BRI (Belt and Road Initiative).