You see what the problem is - Asian, African market of course is good. BUT ! This market is not ready to buy a lot, expensive and for a stable currency like dollar or euro. In addition, neither Asian nor African markets will bring investment and technology to the Chinese economy! That is why the Chinese economy is dependent on the Western market.
Exactly, due to the root of all problems, wages are too low.
Sad is that the EU seems to be blind in that regard.
Few countries try to counter those cash problems in offering schooling to the working class.
Scandinavia, the Baltic States go that way. China in parts but their economy is still more export driven.