The Europeans pensions and benefits are not funded. They have massive unfunded committments and a declining birth rate and economy. They are going to come face to face with economic gravity sooner than later.
As for China, it is happening and more so each month. The Chinese will soon have a man in space, and they are significant manufacturers of almost everything that consumers need anywhere in the World. It is happening, it will continue and we should welcome it. The Chinese are not a threat ot the US in the same way as some of the Europeans are.
Then of course we fogot India whose economic power is also growing fast. Welcome and we should embrace it. Between India and China that is over 2.6bn people that is nearly half the people on thisplanet and they like consumerism and capitalism.
We should welcome and assisit them. We have common enemies.