That is more due to the Chinese government much more strategically investing in their economy with long term planning, instead of this polarized ping pong game between republicans and democrats

- Also, chinese companies get advantage from their currency not being the global currency, while usd being the global currency allows usa to spur up almost infinite debt and loans without any penalties, or severe inflation, it forces the federal reserves in keeping usd a stable reserve store.

This makes american exports significantly uncompetitive, while china can make its exports cheaper. Not to mention fewer regulations, negligible IP enforcement, obscene strategic IP theft from american companies at the nation state level, have all helped china reach this stage.

This wasn’t caused by VC , but rather American politicians sleeping and fighting amongst themselves when they were awake, while china ate your lunch.

Partially, but China is also struggling and needs to export to offset the shitshow in the property market and slumping demand.