A real cynical view might be that we want to make America broke and difficult except for the rich while raising the standard of living in China and elsewhere so they'd be less likely to immigrate here.

The paternal effect of spreading the work and wealth in China, if my mackerel can example is valid, is the polar opposite of here where the wealthy are get it while the getting is good and damn the  hindmost & screw the wage earner.  Less difficult to get a table at a nice restaurant if most of the country can't afford the meal.