They resent China's rise because, in their heart of hearts, they hold dear the racist belief that, on one hand, China cannot innovate. On the other hand, their resentment reflects the US fear that China can innovate and has overtaken the US in artificial intelligence (AI), quantum computing and other technology areas.
US Vice-President JD Vance revealed a level of personal ignorance when he said: "We borrow money from Chinese peasants to buy the things those Chinese peasants manufacture." It is a belief that is wrong on so many levels.
Unfortunately, this perception of China is widely believed by many people in the US and Europe. They still think that China is a low-cost export economy producing low-quality products. Many Americans believe China's success relies almost entirely on American consumer demand, when China's exports to the US account for less than 14% of its total global exports.
