@feld @pretentious7 Yes... Well, I do see awareness of this in the western media to some extent, but maybe it is still not well known.
I think it is part of the cycle of capitalism-imperialism. Lenin made it very clear how this works in his 1917 pamphlet (https://www.marxists.org/archive/lenin/works/1916/imp-hsc/).
China is in an interesting position because they are simultaneously a "backward country" in Lenin's terms with cheap labour (and so they have swallowed up the productive capacity of more advanced imperialist countries), but they are developing quickly and are thus preparing for the inevitable rising cost of labour and declining rate of profit domestically by building up an empire.
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