@tiskaan @Moon

The US couldn't dominate the far east militarily and Chinese industry gave shareholders an easy way to lower costs by outsourcing to make their companies look more profitable. Deregulation led to a highly financialized economy where everything (especially tech) runs on cheap debt and outsourcing.

During the same timeframe US wage growth is pretty much flat and wealth inequality increased dramatically. Basically all US manufacturing is done in China by proxy these days. This represents a massive transfer of wealth from the working class to to upper class in the US, and a huge economic opportunity for China.

Maybe when I'm on my computer later I can try to explain better.