China got rich due to massive foreign investments eager to exploit cheap Chinese labor after Deng Xiaoping's "Reform and opening" [1]. During the last three dec

China got rich due to massive foreign investments eager to exploit cheap Chinese labor after Deng Xiaoping's "Reform and opening" [1]. During the last three decades, using the foreign money, China has been building an impressive infrastructure supporting its export-oriented economy, but little else. After the labor cost went up, China doesn't have much left to offer the world anymore. [1] https://en.wikipedia.org/wiki/Chinese_economic_reform https://en.wikipedia.org/wiki/Chinese_economic_reform