Considering the market situation and geopolitical factors, it is foreseeable that labor-intensive, low-value-added manufacturers are going bankrupt. Frankly, Europe and the US face similar situations.
Regarding Taiwan and the South China Sea, the distrust of the East among Chinese people is influenced by historical experiences with North Korea, Japan, and Vietnam. However, in today’s world, war is a significant and serious issue, and ordinary citizens do not want to face its bitter consequences. What confuses me is that Western media often portray China as a threat, while Chinese mainstream media exaggerate these reports, deepening mutual hatred.
P.S. I’m Chinese.
Ofcourse China is at its core only a symptom. The world economy- and everything that goes with it- is irrevocably shifting to Asia. It's kinda offensive to see Americans talk about Vietnam or India. They see them as vassals not independent nations with interests of their own.