They cornered manufacturing and unlike the US that used to distribute that money among the population, they're tunneling it via particular holdings like Alibaba, Tencent, etc into investments in the service economy. That's basically the last frontier and when the US started to get nervous.
They're also a nuclear power and the largest holders of US Treasuries, so the US is going to thread very carefully about manufacturing internal dissent in that country, especially when other countries like Russia will gladly side with them.

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