America is dreaming of moving back into manufacturing rather than doing R&D, creating IP, and reaping most of the value of things created in other places. China

America is dreaming of moving back into manufacturing rather than doing R&D, creating IP, and reaping most of the value of things created in other places. China, on the other hand, is moving in the opposite direction: they are much more interested in doing what America was doing and are less interested in manufacturing things (they are willing to send that to poorer countries in Asia). In a decade or two, America and china’s roles in the world are going to be completely swapped.