China is not post-industrial and without their factories US businesses would have no products to sell. China can change its mind about cooperating or drastically raise prices any time they want. The US has put itself in a very precarious position by dumping all manufacturing. Manufacturing is what adds real value to an economy. Without something to sell it's turtles all the way down. OTOH US labor is not competitive and that is a very real problem. Americans have sort of become too rich for their own good. At some point every single person has to start their own business because being an employee will not pay enough to keep up with the cost of living.
