Headlines: China fin min fails to sell out bills at auction
China is no different than the United States was in the late 1920s and early 1930s. The United States was a huge exporter, flooding the world with cheap products.
The only reason those factories in China keep running is because of newly created credit created worldwide, lead by the United States. Wait till all you nutbags see the hidden balance sheets over in China where they are building large cities that have no occupants.
China runs the exact same system as the United States, and is a part of the global financial credit system. The system is expands at the rate needed or it starts to collapse. The Chinese have about as much power to sustain the equation long-term as Snoopy.