China is a peculiar case. It has embraced parts of capitalism that ensure market growth. The huge domestic market coupled with aggressive stealing of IP to create cheapest-in-the-world knock-offs have fuelled its exports. However, having this selective breed of capitalism has allowed its leadership to sidestep aspects of American capitalism e.g. influence of corporations on leaders. This means that companies don't have the same lobbying power in influencing policy/laws/IP etc. So basically we have this wealthy nation with its leadership not generally obliged to listen to either market or its people. So they do what they want to do.
Its like the skinny kid hit the gym, made a ton of money and is now back in the neighbourhood throwing its weight around.
Its like the skinny kid hit the gym, made a ton of money and is now back in the neighbourhood throwing its weight around.