"China won this conflict before it began'

Sad China mythos propaganda. They haven't won much, and are quickly following suit of other past economies like Japan. Conversion from pure industrialization to advanced economy is hard and the slow down is practically inevitable, especially when China started trying to push antiAmerican geopolitical aspirations againsts their neighbors in the China Sea.

Th only winner here is Mexico who looks to be the onshore of choice out of China supply chains.