>and it wasn't used in anyway that deviated from standard use.
Slave:[0]
1 a person held in forced servitude
2 disapproving : a person who is completely subservient to a dominating influence a slave to fashion/technology
3 : a device (such as the printer of a computer) that is directly responsive to another
4 : drudge, toiler
While 4 could have been the intent here (2 has a negative conotation for the slave) if we only look at it's ability to descibe the relationship between China and the US, looking at the whole sentence:
In other words, slave moved up the value chain and no longer wants to slave for their masters.
It is clear that 1 is being used here. We are using slave as both a noun and a verb, and describing the US as the master. I should also note that 1 is by far the most common definition, and other dictionaries have only that one when used as a noun.[1]
[0]https://www.merriam-webster.com/dictionary/slave
[1]https://dictionary.cambridge.org/us/dictionary/english/slave
That word has been used to describe many things for many years in many different ways. It is not a holy or forbidden word and it wasn't used in anyway that deviated from standard use.