Yes, specially because all developed countries, including the U.S.A. are making it easier for them by providing them with all the technology and know how in order to do business in China.

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Phase I: The world’s most powerful nation hands over its wealth, technology, manufacturing industry and even the manufacture of many critical defense components to China out of greed and lack of effective leadership.
Phase II: Collapse of the West’s backbone middle class.
Phase III: Emergence of China’s (logarithmically larger) middle class
Phase IV: China’s demand for redistribution of critical natural and recycled resources.
Phase V: …?

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