Comment by jfyi
The alternative is recognizing that China offers a level of long term stability that the US is failing to match. That stability is worth a premium. You may not believe it's a high one, but our trade partners facing random tariff changes every month see it differently, even if just for a negotiating tactic at the current stage.
We also need to seriously adjust our line of thinking at what they are capable of. The "copycat" era is ending. Our supply chains have hammered their youth with generations of engineering knowledge. If you are relying on an ideological difference to assume they are not capable of innovation, you are making a strategic mistake.
China innovates orders of magnitude faster than they did even ten years ago. Yes, a lot of it is still copycat, but there is value in being able to copy quickly and well.
The question is whether China offers long-term stability for external investment. Should US retirement portfolios load up on Chinese equities?