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the fact is that china's business model can and is being knocked off and it's very easy to do- cheap labor. china doesn't have a monopoly on cheap labor and many other countries are encroaching on it. The race for cheaper manufacturing is on and millions of jobs have already been relocated AWAY from China and established in cheaper labor areas like Africa and beyond. Robotization will also seriously harm China's business model.
it's glib to assume USA has already lost to China and only an anti-American would try and make such an exclamation.
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