There is a sense in which China has made a sucker of itself, too. China has some serious internal economic structure issues and it remains to be seen how long those issues and the downstream problems it creates are sustainable.

For an example, remember the amazing speed of construct demonstrated by the Chinese government building covid quarantine facilities? Hundreds of square miles of em across every province. They're all gone now.

I always hear this as a criticism of China but then I watch some footage of the actual place and it looks like it lives in the future (to be fair, it's uneven, but let me tell you I've traveled to the US enough times to be shocked at how uneven it can get). Sure, there's real problems I'm sure, where isn't there, but here in Canada by the time we've built a kilometer of an LRT line massively over budget, China has added a new high speed rail line.