Once upon a time, China was indeed a great empire. But time changes a lot, then came the times of decline. At the beginning of the 20th century, the ideas of communism-socialism, in the Soviet interpretation, with a flavor of Eastern totalitarianism, came to China. China, the USSR, and most other "socialist" countries initially denied all the values that the Western world carried - the value of life, private property, the legal system. Including denial of copyright. Theft of technology has become for many countries of the socialist camp, and joined them, the only way to be at least a little civilized and have at least some technology. The greatness of the Chinese economy has become a consequence (whether it is a mistake or not, a topic for a separate dialogue) of the trust of Western countries, investments in the Chinese economy, the transfer of jobs, along with technologies, and the organization of demand for manufactured goods in their markets.
China is not a country, China is a civilization, as seen from China's infiltration around the world. Especially on market domination. China has a strategy that as a producing country China will control world trade and finance. Through a country's trade deficit with China, China will pressure the country to use Yuan in its transactions, which means the country loses its economy to China. China debuted as a producer country initially by offering cheap labor and then accepting tolling services, then legalizing duplication & counterfeiting for habituation and preparation for upstream industrial development, after everything was ready in China they expanded their influence to countries with poor people and weak leaders, provide debt not in the form of money but goods in order to widen their market coverage. China has Yuan and renmimbi which are very effective in boosting China's economic growth. So which country will follow in China's footsteps ?
I respect China, but the truth is more important to me ... China, in its own way, is a great country that has left a strong mark on human civilization, has known ups and downs. But to do it herself is probably too early
The fact that China says so is its own fantasies. It became a mass producer only thanks to investments from the west. The West wanted to improve the quality of life at home by removing production facilities where there was cheap labor force and the necessary resources. This is not the merit of China, it is the merit of those who gave this opportunity. But as the saying goes, "as he gave, so he will take." I do not exclude that as a result of the growing crisis in China, many manufacturers will either resume their production, or consumers will change suppliers - for example, Latin American countries - what is not a platform? China may want to, but impose on strong economies, its economy does not allow it yet. It seems to be one of the largest, but it depends on the consumer market. Take away consumers from China and the market will collapse. A "good example" is the housing market. The same will happen with anyone else.
ps No offense - let's really assess the situation?