What industries do you see popping up that won't have an eye for exporting ASAP to a country where labor is 1/20th the cost? That's not a way to build up an economy where the first idea is how to get out of employing people in your economy.
I could post examples like these all day of technologies being developed right here in the US that will revolutionize how we live. And you're telling me that I should be concerned that Chinese are going to make textiles instead of North Carolinians? You're telling me that with an 11 trillion dollar economy, that even in bad times is far more productive than what's in second place, that we are somehow on the ropes? RIIIIGHT!